West Hills / Canoga Park Area Poke Restaurant

Canoga Park, CA
Los Angeles County


Asking Price: Annual Revenue:
$295,000 $981,642

Food & Beverage: Restaurants, Fast Food, Deli


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RE: West Hills / Canoga Park Area Poke Restaurant Broker: Ryan Clark

Quick Facts

Asking Price: $295,000
Annual Revenue: $981,642
Net Profit: Not Disclosed
Cash Flow: $137,391
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 15
BBN Listing #: 93394929
Broker Reference #: PokFr1

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Business Overview:

This West Hills / Canoga Park area Poke restaurant is a profitable absentee owned and operated business. The venue’s concept is ultra-simple as it does not require additional branding, is not associated with any particular ethnic food category and does not require a hood.

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Property Features and Assets:

This 1,200 square foot location leases for $8,394 per month including common area maintenance (CAM) expense on a 10 year lease with coverage until July 2026 and one 5 year option. All of the business’s furniture, fixtures, equipment, name, branding, menus, etc. will be included and will transfer in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition already exists in the area, this location and its project is tried and true. The venue has operated for nearly a decade and continues to have a loyal recurring customer base. The concept is currently 100% absentee-operated, but could tremendously benefit from a full-time working owner-operator. This would not only minimize wage expenses, but it would also help to ensure top quality customer service and the highest average ticket sale.

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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