Description

This established business is currently 100% staff run since the owners recently retired and moved out of state. Highly sought after location with incredible foot traffic and proximity to convention center and Petco park. Clean books and records with owner operator net income on 2016 tax return showing over $140,000. Sales have remained stable in 2017 since owners retired and trained staff are fully capable of handling day to day operations. Seller projects absentee net income between $90k and $100k in 2017 after paying all labor costs. Sale includes lucrative repeat corporate accounts as well as all kitchen equipment and fixtures with a replacement cost of over $200,000. Great ROI potential with a less than 2 year pay back for an owner operator. Price recently reduced to $250,000 for a quick sale.

This is a leased location of 800 square feet with a Total Monthly Rent of $4,834. Lease ends 2/2021 with One 5 year option. Hours of operation are 12pm-10pm 7 days a week with 4FT and 2PT employees. $5,000 in Inventory and $220,000 in FF&E included in Asking Price.

Posted Feb 24, 2016

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