Business For Sale

2 Burbank Restaurants for the Price of 1

Burbank, CA
Los Angeles County


Asking Price: Annual Revenue:
$375,000 $960,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 2 Burbank Restaurants for the Price of 1 Broker: Robert Rodriguez

Quick Facts

Asking Price: $375,000
Annual Revenue: $960,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 14
BBN Listing #: 59664929
Broker Reference #: TurBur

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Business Overview:

These unique Burbank restaurants have quickly become a popular destination and locals’ favorite. The sale includes 2 beer and wine licenses (type 41 with specific permission for on-sale and off-sale privileges) and the venue’s lease with two patio seating areas and two dedicated parking lots with over 20 parking spaces. The restaurants serve breakfast, lunch and dinner. They specialize in high end third wave coffees and quality dishes at reasonable prices. The business has an attractive corner location with great visibility, low competition and a growing, loyal customer base that has helped to make it a community favorite. The off-sale privilege offers the unique opportunity to promote a boutique specialty wine and craft beer marketplace.

Training 2 Weeks at 20 hours/week.

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Property Features and Assets:

The business operates from a total of 2,500 square feet in two adjacent facilities with two spacious patios that result in a 120 patron seating capacity. The venue leases for a total of $10,000 per month on a 5-year lease that expires in 2021 with a 5-year option. All of the business assets, including a full service kitchen and 2 separate liquor licenses are included in the sale. Approximately $5,000 in inventory will be sold at cost at close in addition to the purchase price.

Market Competition and Expansion:

Competition is considered to be low as few restaurants with similar offerings exist in the immediate vicinity. While the restaurant is already generating over $80,000 in monthly sales it still has significant potential for continued growth. Opportunities that are readily available include extending the venue’s operating hours to include evening service, promoting the recently added beer and wine sale and launching an aggressive advertising and marketing campaign to help introduce the concept to new customers. Personal issues and health, however, are forcing a sale prior to the founder witnessing the venue’s full potential.

Reason for Selling:

Personal

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.

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