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Restaurant

  • Status: Available
  • Price: $159,000

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  • Listing No: 6330
  • Status: Available
  • Area: 700
  • Price: $159,000

Description

Turn Key Business Ready for Owner Operator!

Great small business opportunity ready for a new owner operator. Low overhead and Rent. Perfect for a first time business owner due to low risk! All Equipment included for coffee, Shawarma Sandwiches and Ice Cream refrigerators. Kitchen Hood and Shawarma Grills were newly replaced in the last couple of years. This is a 700 sq.ft. Space is in a Shopping Strip located in one of the busiest Blvd. in North Hollywood. Excellent Lease with only $1,950 per month Rent which includes (Water & Garbage). There are 3 x employees working Part Time. There are 24 parking spaces for this place. Seller claims his Gross Annual Revenue is about $180,000. He Also claims his Net income is $5,000 a month. # 6330

Business Information

Ownership Type: Sole Proprietorship
Year Established: 2011
Year Purchased: 2011
Business Type: Restaurant
License(s) Required: Business, Health
Hours of Operation: 10 am- 8 pm/ 6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6330
Date Available: 04/22/2021
Reason For Sale:

Financial Information

Annual Total:
$180,000
Revenue:
Annual Net Income:
$60,000
Inventory:
1300 - 1500
Monthly Payroll:

Lease Information

Base Rent:
1,950/m
Lease Expires:
1 x 10 years Option
Lease Option:
2031
NNN:

Financing Information

Down Payment:
159,000
Owner Will Carry:
Other Finance:
Terms:

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