Owner Financing is Available!
Business Overview:
PRICE REDUCTION FROM $149,990!! - March 2012
Well established for 30 years, this fast food hamburger restaurant is located directly across from a very large school. It is a turn-key operation. No competition in the area. Specializing in items such as Burgers, Breakfast, Sandwiches, Hot Dogs, Salads and much more. Consistent daily sales of $800 - $900. Open 6 days with very busy lunch hour and delivery orders. Very clean build out restaurant. Free Standing building on main street. Facility is about 1,000 sq. feet. Total monthly rent about $2,250 with 5 years remaining on the lease. Full kitchen includes a large hood and grill. All furniture fixtures and equipments are included in this sale. Inside seating for 12 along with additional outdoor seating. Ample parking for customers. Business is very profitable and ready for new owner to take over and make money instantly. Still has many opportunities to expand and grow. New owner can increase sales by extending operation hours or making changes to the menu. Very good location with 2 schools within the same block. It’s also surrounded by plenty of residential units in 1 miles radius. Has a lot of exposure with its good signage and high visibility. Seller will train new owner to assure a smooth transition. PLEASE NOTE: Serious Buyers Only! Because of our unique marketing arrangement with the Seller, this property is available to review by Exclusive Representation ONLY.
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.
Property Features and Assets:
Business is very profitable and ready for new owner to take over and make money instantly. Still has many opportunities to expand and grow. New owner can increase sales by extending operation hours or making changes to the menu. Very good location with 2 schools within the same block. It’s also surrounded by plenty of residential units in 1 miles radius. Has a lot of exposure with its good signage and high visibility.
Location: Joint to North Hollywood, CA
Asking Price: $140,000
Annual Gross: $145,000
Annual Net: $72,000
FF&E: Approx. $30,000
Inventory: Unknown
Year Established: 1980
Employees: 1
Reason For Sale: Retirement.
Market Competition and Expansion:
No Competition in the area. New Owner may extend operation hours and upgrade menu for expansion!
Reason for Selling:
Retirement
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.
Resources: