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| Please click here for NDA | Business Description | Turn Key Restaurant with two kitchens and Hookah place | | SIC Code | | Organizational Form | S corp | | General Location | Tarzana | | Selling Price | $49,000 | Down Payment | $49,000 | | Annual Revenues | $145,000 | Discretionary Earnings | call | Seasonal? Can Relocate? Home Based? Absentee Owner? Franchise?
| Days and Hours
of Operation | Sun-Thu 11am-11pm Fri- Sat 11am -2 am | Year Established | 1990 | | Years Owned | One | | Full-Time Employees | One | Part Time One | Managers 0 | | Other Payroll Information | | | Hours Owner Works | 60 Hrs week | | Owner's Duties | | | Skills Required | | | Training & Cost | 2 weeks 20 hrs per week at no cost | | Non Compete | 3 yrs 3 miles |
Executive Summary:This turn-key, restaurant with two kitchens with Hookah is ideally located inside of a shopping center on one of the most heavily trafficked streets in Tarzana.And is surrounded by businesses and a large residential area, which brings plenty of traffic to this approx 840 sq.ft. restaurant.The facility is in outstanding condition, and leasehold improvements including furniture, fixtures, and equipment, valued at approximately $100,000 are INCLUDED in the sale price.To establish a new restaurant of this kind with hood, grill, walk-in refrigerator, freezer,making table, and much more, would cost well over $200,000! The owner spent a great deal of time and effort to insure this restaurant is clean, attractive, and fully up to the restaurant requirements. A buyer looking to own/operate this business could see profits increase substantially.The new owner can establish a franchise or bring their own concept to this turn-key, fully-equipped Kabob,Burgers,Salads & Hookah restaurant.Motivated seller has prompted this business to be offered at LESS than its asset value.The current owner has done very little marketing so the community is unaware of this jewel of a business. The seller is highly motivated and will consider ANY reasonable offer.Confidential business information provided to qualified buyers only. This is an asset sale.
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Lease / Building Information | | Monthly Lease/Rent | $1670/- | Deposit | $1670 | | Expires | 2014 | Building Type | inline | | Terms & Options | Neg | | Square Footage / Dim. | 840 | Seating | 30 inside 30 outside | | Other | |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | |
| Licenses | |
| | Inventory | |
| Type of License | Y | Tobbaco for Hookas
| | L/H Improvements | Y | 50,000 | Other Assets | |
| | Furniture / Equipment | Y | 50,000
| | | | | Real Estate | |
| Total Assets | Y | 100,000
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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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