MergerPlace

Newer Restaurant in a Popular Mall-Semi

San Fernando Valley, California


  • Asking Price: $149,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $80,000
  • Listing ID: #207068
  • Established: 2018
  • Employees: 5

Business Description

This restaurant started recently in mid January of 2018, is developing a reputation for serving quality food made from the freshest ingredients available. This is a turnkey restaurant with full kitchen, and with all new updates in place as per the Mall’s, Health Department, and city requirements. All the furniture, fixture, and equipments are newer condition, and fully paid off, same as the lease hold improvements.
As we know it is extremely difficult and time consuming to start a restaurant inside a popular Mall, and as per the seller this is the only restaurant that has the right for serving hamburger concept (Exclusive Use), however, the buyer if he/she desire to do so, will be able to change the concept if the buyer concept will not duplicate and conflict with another restaurant that has the same food concept in the food court.
This business is being priced and sold as a Sale of Assets in Place with limited or no books and records. Any figures above or in the package are as per the Seller and Broker has not verified. Buyer to complete their own investigation of any available books and records during Buyer’s Due Diligence period and prior to opening escrow.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Vic Kharadjian at 818-571-5628 to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: California
Metropolitan Area: San Fernando Valley

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $149,000
FF&E: $80,000
Seller Financing Available: Yes

Property Information

Facilities:

The facility is bright, cheery and extremely well maintained. The facility is loved by all ages. The patrons come from all over the San Fernando Valley. The location is surrounded with national tenants.

Growth & expansion opportunities:

This restaurant has been successful even with the owner running it as semi absentee. A full time owner/operator should be able to maximize the full potential of this great restaurant.

Competition:

The restaurant has an exclusivity for the concept

Reason for selling:

Far Commute

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Vic Kharadjian

Certified Business Broker