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Irvine, Orange County, California
Asking Price
$55,000
Revenue
$144,000
Down
$55,000
Cash Flow
$72,000
Name: Joey Kim
Phone: Show phone number
Name
Joey Kim
Phone
Show phone number
Years Established:
1,995
Posting ID:
288748
Attributes:
Semi Absentee Run
Tangible Assets Sale Only
Training And Support
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Monrovia, California
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PRINCIPAL ONLY. SBA LOAN POSSIBLE FOR QUALIFIED BUYERS. 30% ($280,000) DOWN. Unveiling a golden opportunity: A Mediterranean cocktail bar that is not just a business but a lucrative investment. Nestled in the vibrant city of Arcadia, California, this restaurant and bar is currently generating an annual revenue of $2,200,000, with an impressive net cash flow of $360,000. This lucrative establishment is well-positioned, housed within a 2,500 sq ft. space with a comfortable monthly rent of $6,100, inclusive of CAM charges. Its unique offerings include a delectable range of Mediterranean salads, sandwiches, and an array of cocktails, making it a popular destination among locals and tourists alike. One of the major selling points of this business is the inclusion of the coveted Hard Liquor licenses #47 and #51, a rare combination that significantly boosts its potential and value. Additionally, the business operates under absentee ownership, giving you the flexibility to manage it as per your convenience. Despite being absentee-run, the business has been successfully operational for 8 years, boasting a stellar 4.6-star rating, and operates six days a week, remaining closed on Mondays. The business comes with a promise of two weeks training support to ensure a smooth transition. It's also SBA loan pre-qualified, meaning potential buyers might be eligible for a loan. With an asking price of $950,000, this business presents an incredible opportunity to step into a high-revenue, high-profit business in the buzzing food and beverage
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Burbank, California
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SBA LOAN POSSIBLE FOR QUALIFIED BUYERS. 30% YES. Experience the thrill of owning a high-revenue culinary landmark right in the heart of California's bustling Burbank downtown. This thriving Izakaya and Sushi Bar, attracting food enthusiasts and sushi aficionados alike, operates successfully on an absentee-run model. With yearly sales exceeding an impressive $3 million and a monthly net income of $50,000, this business promises high profitability and an attractive return on investment. The asking price for this rare opportunity is set at $1,980,000. Potential buyers will find the initial down payment of $590,000 reasonable, especially with the possibility of securing a business acquisition loan. This business is pre-qualified for an SBA loan, making the financial aspect even more appealing. Situated in a bustling commercial district - a hub for tourism and the film industry, the business boasts tremendous growth potential. Its high visibility location is ideally positioned to leverage heavy footfall and capitalize on the booming local economy. Further adding to its appeal, the business comes with a liquor license and the assurance of training and support for the new owner. The sale includes a fully-equipped restaurant, set up for immediate operation. Since its listing, this business has gained significant attention, with over 1700 page views and multiple inquiries from interested parties. This restaurant's reputation for excellence in Asian and Japanese cuisine, particularly sushi, is reflected in its strong revenue figures. Don't miss this rare opportunity to own a profitable, well-established restaurant business. Contact Broker Joey Kim 213 255 1478, bestjoeykim@gmail.com
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Orange County, California
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