Business for Sale Overview:
This Ihop restaurant is located on the busiest street. Due to increased development on that Blvd, Cal Trans and city has decided to widen the Highway from 4 lanes to 6 lanes. The project is expected to complete by summer 2009. It is an excellent location with great potential as the traffic shall increase upon completion of the expansion of Highway.
Sales reached $1,445,000 in 2006, remained similar in 2007 to $1,412,000. In 2008 sales were $1,264,000 mainly due to the widening of the Blvd, as access to Blvd was limited. Weighted average sale is approximately $1,343,500/-.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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