Price: $195,000
Location: Los Angeles County
Industry: Chinese Restaurants
Listing ID: 01985291WJ
Listing Status: Reduced Price
Listing ID - 01985291WJ
This Chinese fast food is situated in a plaza on a major street in West LA, with heavy foot traffic on major streets with chain stores such as department stores, franchise stores, banks, corporations, etc.
It is only one mile away from Hollywood Star Walk. It has a lot of nightlife activities, so 7-11 and 24-hour Subway are around.
The store on the side by the major street in front of the bus stop has open doors and windows so everyone can see from the street.
The current owner bought the store 20 years ago. It has a strong foundation in the area. They are looking for retirement to sell it.
They close Sunday and early by 7 pm at night, right after they sell out the last cooked meals.
The area is full of 24-hour activities that can serve breakfast, lunch, and late dinner. Many workers around are working at night and stop by here to eat early.
The new owner can definitely increase sales by extending the operation hour and take-out with food delivery service.
It is an excellent opportunity with an established restaurant business with a development opportunity!
Down Payment: $195,000
Total Sales: $600,000
Cash Flow: $200,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $50,000
FFE Included: Yes
Inventory: $5,000
Inventory Included: No
Year Established: 2000
Days & Hours of Operation: Mon - Sat (9:30am to 7pm)
Owner Hours Per Week: 40
Non-Owner Payroll: N/A
Employees: 3
Absentee Owner: No
Lease Option: 3% Every 3 Years
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $5,000
Type of Location: Plaza
Square Footage: 900
Franchise: No
Reason For Sale: Retire
