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Business Description Turn Key Restaurant w/full Kitchen,Beer/Wine
 SIC Code  Organizational Form Corporation 
 General Location Northridge
 Selling Price $99,000 Down Payment $99,000
 Annual Revenues  Discretionary Earnings 

 Seasonal? N     Can Relocate? N     Home Based? N     Absentee Owner? N     Franchise? N

 Days and Hours
 of Operation
12-9 Tue - Fri,12-10 Sat-Sun,Mon Closed
 Year Established 1999
 Years Owned 1
 Full-Time Employees 1 Part Time 2 Managers  
 Other Payroll Information 
 Hours Owner Works 50
 Owner's Duties 
 Skills Required 
 Training & Cost 2 weeks  $
 Non Compete 5 miles for 5 years    

Executive Summary

This turn-key, restaurant with full kitchen with beer and wine is ideally located inside of a shopping center on one of the most heavily trafficked streets in Northridge.And is surrounded by businesses and a large residential area, which brings plenty of traffic to this 1200 sq.ft. restaurant.The facility is in outstanding condition, and leasehold improvements including furniture, fixtures, and equipment, valued at approximately $150,000, are INCLUDED in the sale price.To establish a new restaurant of this kind with hood, grill, walk-in refrigerator, freezer, Bakers oven, 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 Indian/Pakistani 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.Business also available for Sublease at $3500/- per month.

Lease / Building Information

 Monthly Lease/Rent $2,000 Deposit 
 Expires 1/1/2010 Building Type Shopping center
 Terms & Options Two five years
 Square Footage / Dim. 1200 Seating 
 Other 

Assets       (Y=Included / N=Not Included / A=Available)

 Accounts Receivable N

 

 Licenses N

 

 Inventory N

 

 Type of License 

 

 L/H Improvements Y

$75,000 

 Other Assets 

 

 Furniture / Equipment Y

$75,000 

   
 Real Estate  N

 

 Total Assets 

$150,000 

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.