$525,000.00
Asking Price
Status: Active
Posting ID: 280266
2/26/24
Description
Located in Eagle Rock in a busy shopping center with major brand-name anchor stores and close freeway access, this food chain has thrived since 1947. Food critics have often voted it Best Hamburger in Los Angeles. Never frozen, all food is freshly prepared. This restaurant has become a familiar presence in Southern California and is expanding quickly to other territories, with over 180 locations in the United States.
A start-up investment for a new franchisee is typically $750,000+. This is a profitable turnkey operation. Corporate training and seller support means a smooth transition. They have excellent long-term lease terms. It is approved for SBA financing.
Equipment includes 12’ hood, 24” gas fryer, 24” char broiler, 48” Accu grill, 72” refrigerated drawer, ice cream cabinet, 72” work table, Norlake walk-in refrigerator, 1-door and 2-door freezers, Ansul fire system, Radiant POS system, full security/alarm system and much more.
Financial Information:
Monthly Revenue: $92,300
Monthly Cash Flow: Contact for Info
Annual Revenue: $1107358
Annual Cash Flow: Contact for Info
Monthly Payroll: $19,050
General Info:
Organization: Corporation
Established: 2019
Current Owner: 2019
Employees: 3 FT; 12 PT
Reason For Sale: Other Interests
Monthly Rent: $10,640
Expiration: 2030 plus 5 year option
Facilities:
Square Feet: 2,000
Seating: 48 + 16 patio
Parking: Public lot
Licenses: Health permit
Days/Hours of Operation: Mon-Sun 10:30 a.m. - 2 a.m.
RRC# 4705
Location: Los Angeles County
To get more information about this Burger Franchise - Since 1947, Long Lease Terms business for sale in Los Angeles County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280266 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Burger Franchise - Since 1947, Long Lease Terms, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $525,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,107,358.00
Area: Los Angeles County
City: None Given
Attributes:
My Notes About This Listing
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Down
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Down
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Typical Floor Size
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Year Built
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Down
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Cash flow
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Revenue
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Down
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Down
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Min Liquid Cash
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Down
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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