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| Business Description | Turn Key Indian restaurant w/beer & wine, full kitchen in busy location.
| | SIC Code | | Organizational Form | c corp | | General Location | Canoga Park | | Selling Price | $59,000 | Down Payment | $59,000 | | Annual Revenues | $250,000 | Discretionary Earnings | call | Seasonal? Can Relocate? Home Based? Absentee Owner No Franchise NO
| Days and Hours
of Operation | 11-10-30 7 days | Year Established | | | Years Owned | One | | Full-Time Employees | 3 | Part Time One 1 | Managers 0 | | Other Payroll Information | | | Hours Owner Works | 40 | | 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 beer & wine, full kitchen is ideally located inside of a shopping center on one of the most heavily trafficked streets in Canoga Park. And is surrounded by businesses and a large residential area, which brings plenty of traffic to this approx 1500 sq.ft. restaurant.The facility is in outstanding condition.To establish a new restaurant of this kind with hood, grill, walk-in refrigerator, freezer,making table,dish washer 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 restaurant.
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 | $2800 inc NNN | Deposit | $1670 | | Expires | 2019 | Building Type | inline | | Terms & Options | One 10 year | | Square Footage / Dim. | 1500 | Seating | 47 | | Other | Rent increase every year as CPI |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | |
| Licenses | |
| | Inventory | |
| Type of License | |
| | L/H Improvements | Y | 100000 | Other Assets | |
| | Furniture / Equipment | Y | 60,000
| | | | | Real Estate | |
| Total Assets | Y | 160,000
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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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