Location
Contact Person
Ash Rasaei
Phone
310-622-8777
Annual Revenue
$420,000
Price
$160,000
Cashflow
$70,000
Category
Restaurant/Food Service
Year Established
1997
Employees
0 FT; 4 PT
A casual Italian restaurant uniquely located on Santa Monica Blvd a few blocks from ?3rd street promenade? is available For sale. 1000 sq. ft. of space/ Monthly RENT of ONLY $1,200/mo. Including utility bill. (Gas bill)
7 Days operation, Fully equipped, Fully Staffed, Great chef, Seats 25 people inside and 8 outside. 10 Parking spaces In addition to the valet parking. The present owners have other locations that are making strong demands on their time and talents. Owner will provide support and training for the new owner.
This is a confidential listing. For more information, regarding this listing please contact us by completing the "Contact the Seller" form on this add, to schedule an appointment for more information about this opportunity. We look forward to hearing from you!
Market Conditions & Competition
N/A
Financial Summary
Asking Price: $160,000
Down Payment: $160,000
Gross Sales: $420,000 (Seller will prove)
Discretionary Cash Flow: $70,000
Inventory at Cost: $2,000 (Included)
FF&E: $50,000 (INCLUDED)
Real Estate: N/A
Net Receivables: N/A
Rent: $1,200/mo. Including utility bill. (Gas bill)
CAM or NNN: Included
Security Deposit on Lease: Based on credit score
Payroll: $2,500/mo.
SBA Approval: (No)
Seller Financing: (Negotiable)
Training & Support
7 Days 11:00AM - 7:00PM
Reason for Selling
Other locations
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