Profitable Well Established Mediterranian Restaurant.

Reseda, CA (Los Angeles County)

Profitable Well Established Mediterranian Restaurant.
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Asking Price: $195,000

Cash Flow: $110,000

Gross Revenue: $545,000

EBITDA: N/A

FF&E: $15,000

Inventory: $5,000

Rent: $5,250 per Month

Established: 1985

Profitable Well Established Mediterranian Restaurant.

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Business Description

Great opportunity to invest in well established [opened in 1985, per seller] Greek/ Mediterranean/American Restaurant located in North San Fernando Valley. Conveniently located on very busy, heavily traveled street. Seats 35-40 persons. Restaurant offers breakfast lunch and early dinner. Sellers are semi-absentee, come to the restaurant a few times a week. Recently remodeled. Loyal and well trained employees. According to the seller, even during the COVID time when many businesses are going out of business, this restaurant is doing well. No marketing and advertising is done. Open 7 days a week. All equipment is paid for. Sellers are retiring. No liquor license. Many new opportunities for knowledgeable and entrepreneurial buyers. Good Yelp grades. If buyer [or a family] chose to work at the restaurant themselves, it’s a great opportunity to make more money. Excellent lease terms and options. We are looking for restaurateur who knows the business. Seller will finance with 50K down!

Call Alex Levitan-Pacific Business Broker (818)640-8080, or email levchik@yahoo.com and request an NDA.

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Detailed Information

Location:
Reseda, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,350
Lease Expiration:
2/15/2021
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller will finance with 50K down!
Support & Training:
Seller will finance with 50K down!
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors


Sponsoring Broker:
Fred Mercuro

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