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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Quick Service Restaurant With Parking

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $240000
Net Profit / Cash Flow  $6000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1982
Number of Employees  4 - 5
Inventory  10000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Other business ventures.
Description  This quick service restaurant with parking is located in Glassell Park, adjacent to Glendale, Eagle Rock and Atwater Village. The restaurant has been established for approximately 30 years and benefits from a location with excellent visibility and exposure to the main boulevard. The area is surrounded with a healthy blend of both commercial and residential activity that provides it a natural built in flow of steady customers. Asking Price $89,000. The 1,200 square foot facility leases for $3,771 per month including common area maintenance expense on a five year lease that expires in December 2015; additional options may likely be negotiated with the landlord. The sale includes all of the furniture, fixtures and equipment of the business. Inventory may be purchased at cost at close in addition to the asking price. Competition is considered to be medium as other restaurants exist in the area, however the commercial neighbors provide a good mix of employee / customer traffic, that provides the business excellent potential. The business has significant opportunity to grow as the current owner does little to no marketing. A new owner may use a number of methods to attract new customers, including local advertising, flyers to neighboring businesses and residents, daily promotions, etc. Additionally as most of the competitors offer some type of Latin American cuisine, there are a number of concepts a new owner could implement which are not being offered in the area.
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