Great opportunity to own a well-established, 100% absentee owned and employee operated, turn key, fully functional franchised restaurant in the very desirable City of Simi Valley.
This business establishment with ample seating capacity attracts patrons for a quick business lunch to dinner with friends and family.
Additionally, current ownership dedicates almost no time and resources for 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.
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.
Anchored by multiple national brand business establishments and strategically located in a very large shopping center with premium anchor tenants ensure large volume of vehicle and foot traffic.
Growth in surrounding area may result in higher traffic and added future potential.
Total Seller Discretionary Earnings(SDE): $71,601.
SDE is based on an owner operator model replacing current management structure with an working owner.
SBA third party financing should be available for a qualified buyer with 25% down payment.
Clean books and records, 100% absentee ownership, full complement of staff, busy major street location along with opportunity for expansion and growth presents a great acquisition opportunity.