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For Sale: 50 Year Landmark Breakfast Restaurant, Real Estate - Los Angeles County

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Current Status: Active     Posting #: 247990     Last Refreshed: 5/25/19     BRE License #: 01310250    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $2,380,000     Down:  Call     Adjusted Net:  $155,000     Revenue:  $1,400,000    
Attributes:  Training & Support, Real Estate Included, Real Estate Available     Cooperation With Brokers?  Call
Los Angeles County 50 Year Landmark Breakfast Restaurant, Real Estate Business For Sale

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  Description About This Posting: 50 Year Landmark Breakfast Restaurant, Real Estate
Real Estate Included-50 Year Landmark Breakfast Lunch Cafe On Major Blvd-Rental Income $1.4MM Sales

#: 3142
Asking Price: Offered At $ 2,380,000
Location: Los Angeles County Annual Revenue: $1,400,000
Annual Cash Flow: $155,000

Well established family friendly restaurant serving comfort foods for breakfast and lunch daily with waits up to 1 1/2 hours on the weekends. Features long, old fashioned service counter with seating for 14 guests and comfy booths throughout. Established customers base! Located near freeway, national restaurants and shopping with high traffic and good visibility. Sales are $1,400,000 with an absentee owner. This sale includes 3050 sq. ft. building plus two patios on an 11,000+ sq. ft. lot with parking for 15 cars. The property also includes 2 studio apartments offering $20,000 additional annual income not included on the business P&L plus, 2 double car garages currently used for restaurant storage. Open daily from 6:30am to 3pm only. There is a lot of potential for someone wanting to be a hands on operator or by adding dinner service and possibly beer and wine. Back of the house offers good space, 2 walk in refrigerators, 1 walk in freezer, dish washing room, storage/break room and large office. POS system with 5 terminals, security system with 10 cameras. Nearer tile flooring throughout kitchen. Well equipped kitchen with one 12 ft hood with sprinklers plus, one 5ft hood, 6 ft grill, 3ft grill, 2- 4 burner stoves with ovens, charbroiler, 2 double fryers, steam table, 2 waffle makers, 2 door fridge, 4ft. prep station, 4 ft ice cream freezer, triple shake machine, soup warmer, under counter fridge, ice maker, ice bin, 3 door under counter fridge, microwave, 2 toasters. Fully furnished office with computer, printer and safe. 2 HVAC units. 2 bathrooms plus one employee bathroom.

General Information:
Organization: Corporation
Established: 1976
Current Owner: 2003
Employees: 15
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917
Annual Revenue: $1,400,000
Annual Cash Flow: $155,000
Payroll: Contact For Info
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917

To get more information about this 50 Year Landmark Breakfast Restaurant, Real Estate business for sale in Los Angeles County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #247990 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this 50 Year Landmark Breakfast Restaurant, Real Estate, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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