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For Sale: Restaurant Bar And Grill - Absentee Run - Azusa, Los Angeles County

  • Status: Off The Market

  • Posting ID: 276971

$150,000

Asking Price

Azusa, Los Angeles County Restaurant Bar And Grill - Absentee Run Business For Sale

Status Of This Posting

NOTE: This BizBen Posting #276971 Restaurant Bar And Grill - Absentee Run in Azusa, Los Angeles County is currently INACTIVE Today (Either: It's In Escrow, It's Sold, or Is Off The Market Temporarily) - Please See Today's ACTIVE Postings below that match this posting's attributes. For your convenience there are also helpful links below to assist you in your search to buy or sell a small to mid-sized business that matches your criteria. Thank you for using BizBen.com.

Description

For sale is a great opportunity to own a 100% absentee owned and 100% employee-operated. This business establishment with ample seating capacity attracts patrons for a quick business lunch to a fun-filled night out with friends and family. Upon arrival, this establishment pampers its guests with a selection of draft beers on tap, a mouthwatering menu, music, and flat-screen televisions, providing an enjoyable entertainment atmosphere.

Current ownership dedicates almost no time and resources to the advertisement and promotion of this business and most of its clientele is established repeat or referral, therefore, upside potential, additional revenues, and resulting higher bottom line may be realized by actively engaging in advertisement campaigns and utilizing social media.

The seller lives out of town. The business is 100% absentee owned and 100% employee operated. Sellers maintain a full complement of staff with high payroll-related expenses, therefore, a higher bottom line may be realized for an energetic new buyer by controlling payroll-related expenses. The business is located in a busy shopping center ensuring a large volume of vehicle and foot traffic. 100% absentee ownership, full complement of staff, low down seller financing, busy major street location along with the opportunity for expansion and growth presents an attractive acquisition opportunity.

Financial Highlights (Revenues F.Y. 2022):
January: $52,997
February: $55,023
March: $63,694
April: $54,476
May: $41,903
June: $35,638
July: $33,086
August: $35,305
September: $29,844

Selling Price: $150,000.00 Plus Inventory
Down Payment: $50,000.00 Plus Inventory
Seller Financing: $100,000.00 at 5% Interest for qualified buyer.

Reason for Sale: This Business is 100% Absentee Owned and 100% Employee Operated/Distance from home base.

Hours of Operation: 11am - 8:00pm+/-
Full-Time Employees: 4; Part-Time: 9
Hours Owner Works: 100% Absentee

Site/Lease
Building: Seats: 75+/- Parking: Ample
Current Rent: $5,000.00 + $1,300(CAM)
Lease Expires: Jan 2026, Options: 5+5
Building Size: 2500 SqFt+/-

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Details

  1. Asking Price: $150,000

  2. Down: $50,000

  3. Cash Flow: Call / Email

  4. Revenue:   Call / Email

  1. Area: Azusa, Los Angeles County

  2. City: Azusa

  1. Attributes:

    Broker CooperationAbsentee RunSemi-Absentee RunTraining & SupportOwner/Seller Financing

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