Business For Sale Listing 151156
Very Profitable Upscale Restaurant in Los Angeles
Status as of Nov-22-2008 at 06:00 PM: Active
Business Summary
Founded in 1994, this 14 year old upscale restaurant has maintained a rise in gross sales through the years due to quality food and great customer service.
The Los Angeles Times Magazine lists this restaurant as one of the city's top. The restaurant has a full liquor license (type 47) and over 3,800 sq ft of space with 110 seats and a fantastic 10 Year lease at $10,000/month including all utilities.
Owner has established a well managed and very profitable business, netting over $440,000 per year.
The current owner is willing to train the new owner during a period of three months because he wants the restaurant to stay successful.
The trained managers and employees are willing to stay with the new owner. The name and the menus are not for sale except if the buyer is a chef who want to share the ownership of the restaurant.
Seller Financing Available.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million (2,600,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (447,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $1 Million and $2.5 Million (1,300,000) |
