Banquet Facility & Fast Food Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 4 - 5
Inventory 150000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Seller will provide training
Reason for Sale Absentee Owner
Description Two Businesses for One Price! Motivated Sellers! Priced less than the furniture, fixtures and equipment!
This unique, 100% owner absentee restaurant, was established 20 years ago. It offers a 3000 sq.ft. space, that is very well appointed with parquet flooring and crystal chandeliers, private dining and banquet room comfortably seating 70 guests.
Its recently fully upgraded kitchen, has 2 large hoods, a walk in freezer and refrigerator, stainless steel preparation tables, and 6-8 burner heads. In addition, this restaurant comes with the adjacent brand new fast food business featuring a $15K charcoal open fire BBQ grill with huge stainless hood, visible to the outside, through a glass window. This recent addition cost to Seller over $100K.
It also offers a private parking lot for about 30 cars, and outside gazebo for 10 guests. The current lease is $4000/mo including CAM with 5 years remaining, plus one 5 year option. Landlord will extend the lease for a well qualified Buyer. For the last 5 years, this business has been run as 100% owner absentee business. A new working owner could increase revenue and bring in a liquor license.
This is a turnaround/asset sale. For more information contact Alexander Neyman, Sunbelt of Pasadena, at 213-706-7166 (cell) 626-395-0717 X 233 (office)
Click Here To Contact Seller
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