Seller's Contact Information
- RE: Price Reduction - $98,000 - LA County Seafood
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $98,000 | |
| Annual Revenue: | $604,205 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 9 | |
| BBN Listing #: | 174111533 | |
| Broker Reference #: | 4452 |
Business Overview:
Price Reduction - $98,000 - LA County Seafood Restaurant with Wet Fish Counter - Huge Growth Opportunity
RRC# 4452
Location: Northern Los Angeles County
Description:
Price Reduced to $98,000 for this delightful 1,750 sq ft restaurant indoors with 500 sq ft Patio and ample rear parking for 25 vehicles plus street parking. The Owners serious illness forces the sale and they are willing to carry a small portion of the purchase price to experienced & well qualified Buyers. Whether you’re looking for quality Sea Bass, Halibut, Salmon or Snapper for lunch or dinner, this combination of wet fish sales counter and sit-down restaurant is ripe for development and opportunity. Located in an upscale Northern LA County community, corner spot, on a major thoroughfare with patio seating and great curb appeal and a low monthly rent of $4,900 inclusive NNN. Currently 85% of the business is seated and only 15% ‘off sale’ offering charbroiled fresh fish entrees, fish sandwiches and salads. Like most restaurants during the major 2020 pandemic, this business also suffered. The financials shown are from 2021.
In the same ownership for 10 years but illness forces this sale as owner is physically no longer able to run the business, relying on long term employees to manage the day to day. Hours of operation are 10.30am – 8.00pm Tuesday – Saturday.
Fully equipped kitchen which includes but is not limited to; Two walk-in’s, 10’ type 1 extraction hood with fire suppression system, Broiler, flattop, 2 deep fryers, ovens, refrigerated worktops, separate dishwash area and further outside storage. The Fish kitchen has ample s/s prep work surface, under-counter fridges and a 8’ iced & lit fish display counter. There are easy changes to make more room and increase the already respectable sales revenues.
To receive further information and discuss this opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker, Keith Simpson’s direct contact information so you can discuss this opportunity in more detail.
For more information please visit: https://www.restaurantrealty.com/listings/4452/
Financial Information:
Monthly Revenue: $50,350
Monthly Cash Flow: Contact for Info
Annual Revenue: $604,205
Annual Cash Flow: Contact for Info
Annual Payroll: $185,225
General Info:
Ownership: LLC
Established: 2003
Current Owner: 2012
Employees: 9
Reason For Sale: Retirement
Monthly Rent: $4,900 including NNN
Expiration: 2029 plus 3 year lease option
Facilities:
Square Feet: 1,750 Indoors 500 Patio
Seating: 35 Indoors 20 Patio
Parking: 25 Vehicle Parking lot and street
Licenses: Health Permit & Business License
Days/Hours of Operation: 10.30am-8.00pm Tuesday-Saturday. Close Sunday and Monday
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 1,750 Indoors 500 Patio; Seating: 35 Indoors 20 Patio; Parking: 25 Vehicle Parking lot and street.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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