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Businesses For Sale > Business For Sale in Mid-Cities Area, California (CA)
Family Style Buffet Restaurant for sale in Mid-Cities Area, CA
Mid-Cities Area, California (CA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 1,295,000 |
$ 2,900,000 |
$ 420,000 |
Furniture and Fixtures Value:
$ 700,000 (included in the asking price)
Inventory Value:
$ 15,000 (not included in the asking price)
Business Summary:
This great Family Style Franchise Restaurant was started in 2008 by the Seller. The business is the major anchor for a large shopping center on this busy thoroughfare. The business has continually grown to its current level of Gross Sales of $2,900,000 with a Net Profit of approximately $420,000. The business is part of a Franchise System. Royalties to the Franchisor run only 2% of Gross Sales and there is no Advertising requirement. The concept was originated in 1962 and has grown to over 175 restaurants throughout 19 States. Business is located in a Free Standing building providing great visibility with lots of parking. The restaurant seats 276 and is nicely laid out to provide quiet relaxed atmosphere throughout. The Buffet offers a wide selection of fresh food items ( 185 Items ) from salads and sides, from fried chicken and steaks to the best deserts.
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| Year
Business was Established: 2008 |
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| Number of Employees:
47 |
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| Facilities / Terms of Lease:
Business is in a 9416 sq ft space with seating for 276. Lease has 2 years plus 10 year option with current rent $21,992 month. |
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| Potential
Growth/Expansion:
Can expand by advertisement and marketing. Cab add Beer and Wine License and can advertise/Market Catering Services, if desired, |
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| Competition:
Business is well established with lots repeat customers. |
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| Owner
willing to finance:
SBA abailable for qualified Purchaser |
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| Owner
willing to train:
Must attend Franchise School and Seller will Train, as required. |
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| Reason for selling:
Seller wants to pursue other interests. |
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Seller Reference Number: 1003157
BusinessMart.com Listing Number: 199732 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Henry R. Miller
BIR Business Brokers
310-316-3316
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