Business Overview:
Rare opportunity! Mexican & Asian fusion restaurant, take-out, dining located on Decatur near 215 freeway. The owner has run the restaurant for over 10 years and needs to take a break. However, the sales are going up this year, and the net profit should be around $140K this year. The restaurant's total rent is only $1,480 a month, and it's 1200 sq. ft. The seller will train the receipt for two weeks free, but tradename is not included in the sales price. The seller will consider any offer. Please contact listing agent or reply to this email. The seller requires proof of funds and an NDA signed before releasing the information. For a quick response to your inquiry, please contact Jae Jung (RE# S.0180485; Business Broker Permit# BUSB.0006938).
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Property Features and Assets:
This is a leased location of 1,200 square feet with a Total Rent of $1,486. Lease ends 08/2022 with a 3 year lease option. Seller is active in the business with 2 Full Time employees, and 1 Part Time employee. Hours of operation are 10 AM to 9 PM, Monday - Saturday. $2,000 in Inventory and $70,000 in FF&E included in Asking Price. $150,000 made in Leasehold Improvements.
Reason for Selling:
Other business interests.
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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