Real Estate Included-50 Year Landmark

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$2,380,000 $1,400,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Real Estate Included-50 Year Landmark Broker: Steve Zimmerman

Quick Facts

Asking Price: $2,380,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 893311533
Broker Reference #: 3142

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Business Overview:

Well established family friendly restaurant serving comfort foods for breakfast and lunch daily with waits up to 1 1/2 hours on the weekends. Features long, old fashioned service counter with seating for 14 guests and comfy booths throughout. Established customers base! Located near freeway, national restaurants and shopping with high traffic and good visibility. Sales are $1,400,000 with an absentee owner. This sale includes 3,050 square feet building plus two patios on an 11,000+ square feet lot with parking for 15 cars. The property also includes 2 studio apartments offering $20,000 additional annual income not included on the business P&L plus, 2 double car garages currently used for restaurant storage. Open daily from 6:30am to 3pm only. There is a lot of potential for someone wanting to be a hands on operator or by adding dinner service and possibly beer and wine. Back of the house offers good space, 2 walk in refrigerators, 1 walk in freezer, dish washing room, storage/break room and large office. POS system with 5 terminals, security system with 10 cameras. Nearer tile flooring throughout kitchen. Well equipped kitchen with one 12 ft hood with sprinklers plus, one 5 ft hood, 6 ft grill, 3ft grill, 2- 4 burner stoves with ovens, charbroiler, 2 double fryers, steam table, 2 waffle makers, 2 door fridge, 4 ft. prep station, 4 ft ice cream freezer, triple shake machine, soup warmer, under counter fridge, ice maker, ice bin, 3 door under counter fridge, microwave, 2 toasters. Fully furnished office with computer, printer and safe. 2 HVAC units. 2 bathrooms plus one employee bathroom. RRC#: 3142

General Information:
Organization: Corporation
Established: 1976
Current Owner: 2003
Employees: 15
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917
Annual Revenue: $1,400,000
Annual Cash Flow: $155,000
Payroll: Contact For Info
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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