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Business for sale: Restaurant

Ad ID: 15442

Location: United States - California - san fernando valley

Published on May of 2008 | 18 visits | 0 contacts


Business data

Description:
$5,000 in net income per month.
This 850 sq. ft. restaurant is located in a busy strip mall in the heart of the San Fernando Valley’s business district and has a steady stream of customers throughout the day. In business since 2000 and very popular among the locals, it boasts a very diverse menu of over 60 authentic Mexican and Seafood dishes. Long term lease in place with good terms. No advertising currently being done. Sales could be significantly increased with proper marketing. With $240,000 in gross annual income, $60,000 in net annual income, $40,000 worth of fixtures and equipment and $5,000 worth of inventory, all are included in one price of $115,000. Owner will carry note between 10-20% of purchase price.


Sale details

Price:
115,000 $
Reasons for selling:
family emergency
Object of the sale:
Type of Company: S.A./Inc.

Financial information

Net profits:
60,000 $
Sales of the last 1 year:
240,000 $

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