$195,000

Los Angeles County
DESCRIPTION

This Chinese fast food is situated in a plaza on a major street in West LA, with heavy foot traffic on major streets with chain stores such as department stores, franchise stores, banks, corporations, etc.

It is only one mile away from Hollywood Star Walk. It has a lot of nightlife activities, so 7-11 and 24-hour Subway are around.

The store on the side by the major street in front of the bus stop has open doors and windows so everyone can see from the street.

The current owner bought the store 20 years ago. It has a strong foundation in the area. They are looking for retirement to sell it.

They close Sunday and early by 7 pm at night, right after they sell out the last cooked meals.

The area is full of 24-hour activities that can serve breakfast, lunch, and late dinner. Many workers around are working at night and stop by here to eat early.

The new owner can definitely increase sales by extending the operation hour and take-out with food delivery service.

It is an excellent opportunity with an established restaurant business with a development opportunity!

LISTING DETAILS

Down Payment: $195,000

Total Sales: $600,000

Cash Flow: $200,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $50,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: No

OPERATION

Year Established: 2000

Days & Hours of Operation: Mon - Sat (9:30am to 7pm)

Owner Hours Per Week: 40

Non-Owner Payroll: N/A

Employees: 3

Absentee Owner: No

Lease Option: 3% Every 3 Years

LOCATION

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $5,000

Type of Location: Plaza

Square Footage: 900

Franchise: No

SUMMARY

Reason For Sale:

Retire

Agent Details

HEMENDRA PATEL

  • (562) 230-1193

NDA Form

Please fill up required information in NDA form & sign it and send it to email: harrypatelvrbb@gmail.com

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