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Camarillo, Ventura County, California
Semi absentee: Month net income $15,000 : Mediterranean fast food
Asking Price
$390,000
Revenue
$900,000
Down
$110,000
Cash Flow
$180,000
Name: Joey Kim
Phone: Show phone number
Name
Joey Kim
Phone
Show phone number
Description
Currently, the restaurant operates on an impressive monthly average sale of $75,000, generating a robust monthly net income of $15,000. Annually, these figures translate to a revenue of $900,000 and a net income of $180,000, respectively, indicating a highly profitable venture with stable income.
The premises of the restaurant span 1,600 sq. ft with an additional spacious patio, providing ample room for dining and events. It's been under the same ownership for the past 9 years, which has nurtured a loyal customer base and a proven business model.
An SBA loan is a feasible financing option for qualified buyers, with the requirement of a 30% down payment. The asking price for this thriving business is set at $390,000, which is a worthwhile investment considering the high net income and strong revenue generation.
The new owner will be provided with two weeks of training after the closing of escrow to ensure a smooth transition, thereby minimizing any potential disruption to the business.
This is an exceptional opportunity to acquire a successful and highly profitable restaurant in an excellent location. The sale reason is due to family issues,
Please contact Broker Joey Kim 213 255 1478, bestjoeykim@gmail.com
Business Details
Year Established:
2016
Employees:
6
Reason for sale:
Family issues
Support & Training:
2 weeks training after closing of escrow.
Property Information
Size in Square Feet:
1,600 sqft
Lease Terms:
New 5 years plus 5 years option
Lease & Tenant Information
Posting Information
Posting ID:
282317
Attributes:
Absentee Run
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
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Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Semi absentee: Month net income $15,000 : Mediterranean fast food
Posting ID
#282317
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Agent, Broker or Seller Contact
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