Mexican Restaurant For Sale - Los Angeles County, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Los Angeles County |
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| County: |
Los Angeles |
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| City: |
None Given |
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| Financial Information |
Detailed Information |
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| Price: |
$99,000 |
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| Down: |
Call/Email |
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| Revenue: |
$150,000 |
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| Adj. Net: |
Call/Email |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This Los Angeles County Mexican Restaurant Business For Sale:
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This Is A Must See Family Restaurant With A Long History In This Great Neighborhood. This Is A Difficult Area For Obtaining Liquor Licenses, So The Value Of The Beer And Wine License For This Establishment Is Enormous. The Ambiance Is Great And Regular Customers Are A Huge Asset. The Strip Center Is Prepped For A Facade Update That Will Make It Even More Appealing To Patrons. The Parking Lot Is Shared With A Starbucks That Attracts A Lot Of Regular Traffic For The Center.
General Information Facilities: Great Ambiance In This Quaint (Seats 70) Sit-Down Mexican Restaurant, And One Of The Few Establishments With Beer/Wine License In This City! You Will Share A Parking Lot With Starbucks For Additional Traffic, And The Nearby College Offers A Great Marketing Opportunity. Competition: The Beer And Wine License Is Worth Half Of The Asking Price Alone! They Are Difficult To Get In This City, So This Is A Huge Plus. Add To The License, A 30 Year History And You Have A Great Business At A Spectacular Price.
Growth And Expansion: First, The Family That Bought This Business Four Years Ago Did Not Come From The Restaurant Industry And Has Been Learning From Scratch. Second, Business In Restaurants Has Been Slow For The Last Two Years Due To Economic Conditions. Third, The Partner That Was Supposed To Run This Business Became Ill, And Has Been Unable To Be An Owner Operator. The Result Is A Business That Is Operating (And Priced) Low, With Huge Growth With The Right Owner Operator.
Support/Training: Sellers Will Train For One Complete Month.
Reason Selling: Unable To Continue To Run This Due To Illness.
Employees: 5-7.
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Mexican Restaurant For Sale And Los Angeles County Region Related Links:
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Business Acquisition Financing Request Needs Accurate Cash Flow Earnings Explanation
What are the actual "provable" adjusted net earnings (cash flow) of a company being purchased and considered for business acquisition financing? Buyers will need to look carefully at tax returns and financial statements to determine the "real" adjusted net income or cash flow of the business being purchased - banks and financial institutions review these numbers carefully (and in many instances discount items that may be considered addbacks). If you are thinking of financing a business purchase you need to read this BizBen blog posting. |
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More Los Angeles County Information For Buying & Selling Los Angeles County Businesses
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Mexican Restaurant Business Opportunity For Sale, Los Angeles County, California, CA | BizBen
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