Restaurant

Restaurant

Available

$69,999.00

Listing Number :

 6301

Status :

Available

Price :

$69999

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Area

1024

Description

Popular Pho & Halal Certified restaurant. In a great location right on Colorado blvd surrounding with different businesses, office buildings and residential. During Pasadena Rose Parade clients pay to have seating in restaurant to have front row seats to the parade. Location offers a clean atmosphere to their customers.Business brings on average 25K/ month in sales (Sellers expect sales increase due to huge catering accounts were obtained when lock down occurred. Restaurant has been closed and only working their catering accounts have brought about 20,k/month in sales). Rent is $4153 including NNN. # 6301

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2017
Year Purchased: 2019
Business Type: Restaurant ( Pho)
License(s) Required: Business, Health
Hours of Operation: 11 am-3 pm& 5-9 pm/ 6 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: N/A
Broker To Broker CoOp:  No
Office Listing Number: 6301
Date Available: 8/6/2020
Reason For Sale:
Annual Total Revenue: 300000
Annual Net Income: 120000
Inventory: $500-$1000
Monthly Payroll: 5000/m
Lease Information
Base Rent: 2898/m
Lease Expires: 2024
Lease Option: 1 x 5 years option
NNN: 1252.26/m
 
Financing Information
Down Payment: 69999
Owner Will Carry:
Other Finance Terms:

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