West LA Bar Lounge/ Grill
Location
Contact Person
Azi Manoussi
Phone
310-622-8777
Annual Revenue
$ 2,400,000
Price
$ 600,000
Cashflow
$ 300,000
Category
Restaurant/Food Service
Year Established
2004
Employees
5 FT; 15 PT
Description
Over $300,000 Cash Flow. 100% ABSENTEE-Ownership!!Bar Lounge/ Grill. Excellent Location in very Busy Shopping Mall. Upscale ambience and d?cor with complete kitchen and Hood. Surrounded by many busy Businesses and office Buildings. Owner operator could increase Net Income.
Market Conditions & Competition
N/A
Financial Summary
Asking Price: $600,000
Down Payment:$600,000
Gross Sales: $2,400,000 (Seller will prove)
Discretionary Cash Flow: $300,000 (Seller will prove)
Inventory at Cost: $50,000 (NOT included)
FF&E: $80,000 (INCLUDED)
Real Estate: N/A
Net Receivables: N/A
Rent: $34,000/mo.
CAM or NNN: Included
Security Deposit on Lease: Depending your credit score
Payroll: $30,000 /mo. (Owner income not included)
SBA Approval: No
Seller Financing: No
Training & Support
2 wks. 30hrs. / Wk.
Reason for Selling
Absente-ownership