Restaurant
- Status: Available
- Price: $145,000
Description
This is a Restaurant on a 1,200sqft. space located in a busy Shopping Center with lots of foot traffic. They serve Mideastern dishes which has been prepared with fresh ingredients. The Restaurant is casual and family style. There are indoor and outdoor sittings with 20 seats capacity. There are 2 x Part time employees with $4,000 payroll. Base Rent is $2,280 a month with 2% yearly adjustment and NNN of $468/528 a month which includes Water, Garbage, Tax and Insurance. Lease expires 2025 with 1 x 5 years option. Seller claims his Gross Annua Sale is $288,000 and his Net Income is about $60,000 a year. Hours of operation is 11am-9pm / 7 x days a week.
Business Information
Ownership Type:
Corporation
Year Established:
2020
Year Purchased:
2020
Business Type:
Restaurant
License(s) Required:
Business, Health,
Hours of Operation:
11am- 9pm / 7 x days a week
Business Relocatable:
Business Is A Franchise:
Home Based:
N/A
Broker To Broker CoOp:
Office Listing Number:
Date Available:
Reason For Sale:
Financial Information
- Annual Total:
- 288,000
- Revenue:
- Annual Net Income:
- 60,000
- Inventory:
- 20,000
- Monthly Payroll:
- 4,000
Lease Information
- Base Rent:
- 2,280/m
- Lease Expires:
- 2025
- Lease Option:
- 1 x 5 years option
- NNN:
- 468 / 528
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms: