Restaurant

Restaurant

 

$175,000.00

Listing Number :

 3624

Status :

Expired

Price :

$175000

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Description

Established Middle Eastern/Mediterranean restaurant for sale. This business has been running successfully for 5+ years and current owner is ready to retire. Excellent location, and in a very busy shopping center.  This can be converted to any style of food, catering, and can apply for ABC Type 47 license. Very low rent! Additionally 35 + seating. This is a turn-key business and a great opportunity for a new owner to come in and make money from day one. The restaurant has a very loyal client base, and has a great reputation. Location is right off the freeway, plenty of traffic during lunch and dinner. Seller Claims gross sales $420k annually. Approx. 2500 sq.ft.

3624

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Restaurant
License(s) Required: Business, Health
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3624
Date Available: 1/28/2019
Reason For Sale: Retiring
Annual Total Revenue: 420000
Annual Net Income:
Inventory:
Monthly Payroll: 6000
Lease Information
Base Rent: 3589/m Lease Expires 2021
Lease Expires: 2029
Lease Option:
NNN:
 
Financing Information
Down Payment: 175000
Owner Will Carry:
Other Finance Terms:

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