Restaurant ( Mexican)

Restaurant ( Mexican)

Available

$85,000.00

  • cactus grill2)
  • cactus grill3)
  • cactus grill 5
  • cactus grill 6

Listing Number :

 6274

Status :

Expired

Price :

$85000

Share

Added to Favorite

Favorite

Print

Area

700

Description

This 700 sq.ft. Mexican Grill is located on Venture Blvd. in the heart of Encino. it has been owner operated for the past 7 years.  Open 5 days Monday to Friday 9.30 am-5.30 pm. Seller does not advertise or use any online sales force such as LA Bite, Uber Eats and etc. Potential to increase sales with minor marketing. Seller claims Gross sales are about $20,000 + per month. Rent is $4,600 Inducing NNN (May be negotiated down upon landlord approval). Lease expires 2022,  options available upon landlord approval. Potential to add Beer & Wine and also start delivering. 1 employee, 4 hours per day. $1,200/m payroll plus F.T. Owners. Great for a family to operate.

#6274

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Mexican Restaurant
License(s) Required: Business, Heath
Hours of Operation: 9.30 am-5.30 pm / 5 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6274
Date Available: 10/3/2019
Reason For Sale:
Annual Total Revenue: 240000
Annual Net Income:
Inventory:
Monthly Payroll: 1200/m
Lease Information
Base Rent: 4,600/m
Lease Expires: 2022
Lease Option:
NNN: Included
 
Financing Information
Down Payment: 85000
Owner Will Carry:
Other Finance Terms:

Similar Properties

Restaurant

1100 Sf, Mediterranean restaurant, located in a busy shoppingcenter with…

Area

1100

Available

$65,000.00