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Primary Industry C1400 | RESTAURANTS | Category | BREAKFAST AND/OR LUNCH | | Business Description | High Volume IHOP Franchise in Los Angeles | | SIC Code | | Organizational Form | S Corp | | General Location | Los Angeles | | Selling Price | $1,050,000 | Down Payment | $600,000 | | Annual Revenues | $1,383,494 | Discretionary Earnings | $250,000 | Seasonal? N Can Relocate? N Home Based? N Absentee Owner? N Franchise? Y | Days and Hours
of Operation | 7 days/week: 6am-10pm | Year Established | 1953 | | Years Owned | 25 | | Full-Time Employees | 13 | Part Time 13 | Managers | | Other Payroll Information | | | Hours Owner Works | | | Owner's Duties | | | Skills Required | | | Training & Cost | Training: Franchiser | | Non Compete | 3 miles for 3 years |
Executive SummaryHigh profit, high volume I.H.O.P. franchise; same owner for the last 25 years. The restaurant is positioned inside of a heavily trafficked shopping center and is easily visible from the busy main street. This iconic family friendly franchise is within walking distance of a dense residential neighborhood and busy commercial area and so receives an enormous amount of vehicle and foot traffic. The franchiser requires its franchise owners to lease the furniture, fixtures, and equipment but this restaurant has already purchased the fixtures. The fixtures, equipment, and leasehold improvements valued at approximately $500,000 are INCLUDED in the purchase price. The restaurant has been fitted with a new sewer line and has a 3 year new air conditioning unit. I.H.O.P restaurants are one of America’s favorite restaurant chains with 1,328 locations in the continental United States, Virgin Islands, Canada, and Mexico. I.H.O.P has rapidly become the quintessential family restaurant with its award winning pancakes, omelettes, and other breakfast specialties as well as their lunch and dinner menu. This profitable, nationally recognized franchise is an opportunity not to be missed! Take advantage of this retirement sale and own a profitable, high volume franchise! Confidential business information provided to qualified buyers. |
Lease / Building Information | | Monthly Lease/Rent | $8,314 | Deposit | | | Expires | 1/1/2010 | Building Type | In line | | Terms & Options | two 5 year options | | Square Footage / Dim. | 3600 | Seating | | | Other | |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | N | | Licenses | N | | | Inventory | N | | Type of License | | | | L/H Improvements | Y | $250,000 | Other Assets | | | | Furniture / Equipment | Y | $250,000 | | | | | Real Estate | N | | Total Assets | | $500,000 |
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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