$2,500,000
Restaurant
- Status: Available
- Price: $129,999
Houmehr 'Mike' Panoussi
- License No:
- DRE #01853627
- Email:
- mike@lbaweb.com
- Office:
- 616-816-1141
- Mobile:
- 661-816-1141
Description
Popular Salvadorian Restaurant in a great location. Well established since 2015. Recently relocated business to a bigger location down the street from original place. Went from 1,600 sqft. to 3,000 sqft. Rent on the new location is lower, it is $3,000 including NNN for 3,000sq.ft. space. Lease expires 2026 with option to renew 1 x 5 years option. Location offers an Amazing atmosphere to their clients. Parking lost is at the back of the Restaurant. There are 65 seats indoor and 30 seats outdoor. Seller claims his Gross Sales are about $15,000 a month (Seller expect sales to increase due to indoor dining opening and he is getting Karaoke Permit from the city which would increase his Revenue. He claims Sales before Covid was about $40,000 to $45,000 a month. #6327
Business Information
Ownership Type:
Corporation
Year Established:
2015
Year Purchased:
2015
Business Type:
Restaurant (Salvadorian)
License(s) Required:
Business, Heath, ABC
Hours of Operation:
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
N/A
Broker To Broker CoOp:
No
Office Listing Number:
No
Date Available:
04/07/2021
Reason For Sale:
Moving out of State
Financial Information
- Annual Total:
- $480,000
- Revenue:
- Annual Net Income:
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- 3,000/m
- Lease Expires:
- 2026
- Lease Option:
- 1 x 5 years option
- NNN:
- Included
Financing Information
- Down Payment:
- $129,000
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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