Any established restaurant with strong sales/income. I'm looking for an established food & beverage business with strong sales ($120,000+/mo) and net income ($20,000+/mo) in LA or Orange Counties. While I'd prefer to find a business within a reasonable commute of mid-city Los Angeles, I'd be willing to relocate for the right opportunity. I've been looking for a business for over 1 year, so I'm hoping to find the right deal ASAP.
I've been considering businesses in the range of $500,000-$2,000,000, with available down payment funds of $1,000,000. Depending on the business, I may purchase it in cash or secure an SBA loan/seller financing. In case an SBA loan is involved, I own real estate assets that may be used a collateral.
Throughout my search I've favored high-volume restaurants with long-term employees and clean, verifiable books. Outside of those parameters, I'm willing to consider any food & beverage operation regardless of cuisine.
After graduating from USC with a degree in business administration, my family and I built and ran a large women's fashion import/export company while developing real estate. My passion is the food & beverage industry, however, so I've spent the past few years working as a cook, busser, server, butcher, manager, and partner of a number of restaurants around Los Angeles.
My family has been buying and operating restaurants for the past few years, and I'm looking for my first solo project. Please feel free to reach out anytime should you have any interesting opportunities. As mentioned I'm eager to find the right deal immediately.