Description About This Posting: Mediterranean Restaurant
Great Location full kitchen and pizza oven Mediterranean Restaurant located in a great shopping center with Patio Space and high visibility. Restaurant has been in Business for over 9 years and under current ownership 7 years plus. No Beer and Wine but it is possible to add. It is 1,750sq.ft. Rent $4700 including NNN, 3% annual increase. Lease term 3 years remaining with 5 year option to renew. Gross Annual Sales are about $480,000. including outside catering which is about $3,500/m. He also claims his net Income is about $96,000. Payroll is about $9,000/m with 5 employees plus the owner. Food Cost about 25%. Open 7x days a week (11am-9.pm).
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer.
To get more information about this Mediterranean Restaurant business for sale in
Los Angeles County please phone Mike Panoussi (Broker - BRE License #:01903901) at 661-816-1141 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #247138 on BizBen.com. In addition to phoning
Mike Panoussi, make sure you email Mike Panoussi above to get more info about this
Mediterranean Restaurant, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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In this Discussion, Peter Siegel MBA (Business Purchase Financing Advisor at 866-270-6278) discusses financing of purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant, potential restaurant buyers have many options to choose from.