print| Status | Active |
|---|---|
| Listing ID | 10880035 |
| Listed Price | $125,000 |
| Down Payment | $125,000 |
| SDE | $317,000 |
| Total Sales | $317,000 |
| Training Offered | 2 weeks |
| Non-Compete Years | for 5 years |
| Non-Compete Radius | 5 miles |
| Asset Info | |
| Inventory† | $75,000 |
|
† Included in price |
|
Reason For Sale
Other business interests
Operations
| Year Established | 2008 |
|---|---|
| Form of Ownership | Undisclosed |
| Absentee Owner | N |
| Franchise | N |
| Days & Hours | 11:30AM - 10:30PM |
| Years Owned | 4 |
| Business Age | 4 |
Location
LA| Type of Location | |
|---|---|
| Lease Expires | |
| Security on Lease | $2,700 |
| Location Comments |
Executive Summary
Business Description
The Price has been “REDUCED !!”.
Located near the University of Southern California (USC) in a busy strip center. Many USC students are living near this restaurant, and it has tremendous foot and drive by traffic.
Home-made foods are served in this casual Indian restaurant. This traditional Kerala style cuisine is from South India.
Inside of this restaurant has been completely remodeled. Now it has new floor, tables and chairs. It was fully absentee owner operation and the new owner can bring in a new concept (Chinese, Mexican or any other Asian).
Asking Price: Reduced from $275,000 to $125,000
FF&E: $75,000 is included in the asking price
Liquor License: None
Size: 1,450 SqFt
Rent: $1350 /per month, including CAM
Security Deposit: $2700
Sales: $360,000 in 2010, $317,000 in 2011
Net Profit: $60,000 in 2010, $87,000 in 2011
If you are looking for a profitable restaurant, this is it!
© 2012 California Association of Business Brokers 