$2,500,000
Restaurant
- Status: Available
- Price: $49,999
Description
Popular Pho & Halal Certified restaurant. In a great location surrounding with different businesses, office buildings and residential. During Pasadena Rose Parade clients pay to have seating in restaurant to have front row seats to the parade. Location offers a clean atmosphere to their customers. Business brings on average 25K/ month in sales (Sellers expect sales increase due to huge catering accounts were obtained when lock down occurred. Restaurant has been closed and only working their catering accounts have brought about 20,k/month in sales). Rent is $4153 including NNN. # 6301
Business Information
Ownership Type:
Corporation
Year Established:
2017
Year Purchased:
2019
Business Type:
Restaurant ( Pho )
License(s) Required:
Business, Health
Hours of Operation:
11 am-3 pm& 5-9 pm/ 6 days a week
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
N/A
Broker To Broker CoOp:
No
Office Listing Number:
6301
Date Available:
08/06/2020
Reason For Sale:
Financial Information
- Annual Total:
- $300,000
- Revenue:
- Annual Net Income:
- $120,000
- Inventory:
- $500 - $1000
- Monthly Payroll:
- 5000/m
Lease Information
- Base Rent:
- 2898/m
- Lease Expires:
- 2024
- Lease Option:
- 1 x 5 years option
- NNN:
- 1252.26/m
Financing Information
- Down Payment:
- $49,999
- Owner Will Carry:
- Other Finance:
- Terms:
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