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BUSINESS FOR SALE - PROFILE #  01984969HP

Seafood Restaurant
Seafood Restaurant in LA County

Asking Price: $90,000   Down Payment: $90,000  
Gross Revenue: $480,000   Adj. Cash Flow*: $180,000  
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Executive Summary
Restaurant established from 1976 and Current owner change it from PHO to New Orleans Style Seafood Restaurant in June 2019. Current owner has great recipes, menu with delicious food.  Great Customer  Reviews on Yelp & Google Very Low Rent in shopping center with Nail Salon, Laundromat, Water Store, Donut Store, Metro PCS, Hair Salon... Some Monthly Expenses Rent:2100, Electric-$300, Phone-$145,Gas:$200, Water:$125, Insurance:$175, Food Cost 25%, Tech Support:$100, Payroll: $12,000

Acquisition Highlights

  • Great opportunity for 1st time Restaurant buyer with Very low rent in a busy strip Center.
  • Monday- Thursday 3:00 PM to 8:00 PM Friday-Sunday 2:00 PM to 9:00 PM
  • Some Monthly Expenses Rent:2100,Electric-$300,Phone-$145,Gas:$200,Water:$125, Insurance:$175, Food Cost 25%,Tech Support:$100,Payroll $12,000
  • Business sold in as is condition.
  • Established restaurant same location from 1976. current owner change it to Seafood Restaurant from PHO last year in August-2019
  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1976 Inventory: $4,000 Included
Employees: 2 Furniture, Fixtures & Equipment: $15,000 Included
Lease/Rent: $2,100 Real Estate:
Building Sq Ft: 1600
    Total Assets Included in Sale: $44,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Hemendra Patel
Phone:  (562) 402-2686
Fax:  (562) 809-3398
Other:  (562) 230-1193
E-mail:  phemendra@hotmail.com
VR Business Brokers - Artesia, CA
17100 Pioneer Blvd #195
Artesia, CA 90701
www.bizbizbiz.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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