Marina Del Rey, Los Angeles-Successful BBQ

Business Overview:

Marina Del Rey, Los Angeles-Successful BBQ Restaurant - $1 Million Annual Sales – Amazing Location

RRC#: 4353
Asking Price: $175000
Location: West Coastal Los Angeles
Annual Revenue: $1040092
Annual Cash Flow: Contact for Info
Monthly Rent: $8,000 - New Lease Negotiable

Listing Description:
Established for 26 years, this extremely busy BBQ, Quick Service style Restaurant is a simple operation to operate with an Absentee Owner. This is priced to sell at $175,000. 540 sq ft QSR within free standing building with a 2nd floor Deck and additional 1,000 sq ft of storage housing hot/cold boxes, tables, food trays and disposable containers mainly for large Catering events. Located in Marina Del Rey with excellent viability and curb appeal. Annual revenues exceed $1 million these past 4 consecutive years with ‘To Go’ and ‘Delivery’ being a major component, while adding more Catering would grow this business even further. Seller is also the landlord and has owned the business since 1996 but now wishes to retire after 26 years.
A new lease will be agreed with approximate monthly rent of $8,000 with no NNN. This is of course negotiable and Sellers expect a 5-year initial term lease with a 5-year option and a landlord Buyout clause.
The pandemic hit the Catering side of the business nationwide for a couple of years but now inquiries are returning with large future parties now being confirmed.
This business is capable of preparing food for 1000 guests and has Equipment which includes but not limited to an 8ft x 4 ft charcoal BBQ, 2 mobile BBQ units with a further static BBQ unit, Montague 6 burner and flattop with double ovens, double basket deep fryer, large steam table, 3 x lowboys, double door upright fridge, two 12’x 8’ walk-in’s, 1 a fridge the other a freezer, 12ft counter with POS system, 40 seats inside and outdoors with parking for 14 vehicles. There is a 2018 fully fitted Catering van with only 10,000 miles sold separately by negotiation.
Sellers are willing to carry a long term note for a substantial portion of the sale but only for well qualified, experienced Buyers with good financials and many years of restaurant experience. This is an excellent opportunity for a first time Buyer looking to own their very own, simple to operate and high-volume BBQ restaurant and Catering operation. 14 experienced long-term employees run most of the day to day with opening hours between 10.30am – 8pm daily.
To receive more 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 annual sales revenue information & a comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.


General Information:
Organization: Inc
Year Established: 1996
Employees: 13
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $86,674
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,040,092
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info

Facilities:
Square Feet: 540 QSR 1,000 Deck and Storage
Seating: 6 Indoors 25
Parking: 14 Street
Days/Hours of Operation: 10.30am - 8.00pm Daily

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Property Features and Assets:

Square Feet: 540 QSR 1,000 Deck and Storage; Seating: 6 Indoors 25 Parking: 14 Street.

Reason for Selling:

Retirement.

Additional Details:

Documents:

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