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Southbay Area of Los Angeles, CA

  • Listing No.: 130-00161

  • Category: Food - Restaurant

Asking Price $299,000
Down Payment $0
Gross Revenue $630,006
Total Adjusted Net Income $202,909
Equipment/Fixtures $60,000
Year Established 1989
General Location Southbay Area of Los Angeles, CA
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Owner-operated exceptional full-service Indian restaurant that specializes in Indian cuisine in Los Angeles County, CA. The restaurant features Indian fine dining, buffet option at lunch, and catering for large parties and events. The menu also includes an array of appetizers, soups, salads, curry, vegetarian, and non-vegetarian and beer & wine. The business has the potential for high growth, increasing profit, and positive cash flow! This restaurant has it all with a clean, nice build out featuring stylish décor and services loyal customers, new customers, and catering orders. It is comfortable, clean, and inviting for those looking for a fairly easy operation to run. The success of this restaurant is based on their great food and service for the last 29 years. In addition to being located in a convenient large plaza with a location in close proximity to a residential community, gym, grocery stores, large offices, and a hospital. There is an abundance of parking which makes the location convenient for customers. The restaurant also has a great online presence with great reviews on Yelp. The restaurant has been at the present location for many years with newer leasehold improvements of $45,000. The location has two hoods, dishwasher, and plenty of refrigerators. This opportunity is ideal for a buyer that has restaurant experience, and is an owner operator. FF&E are included in the sale. Seller is selling due to moving out of the country. Inquire now!

Gross Revenue $630,006 Listed Price $299,000
Total Income $202,909 Down Payment $0
Base Rent $6,572 Square Feet 1800
Total Rent $7,942 Lease Expiration 10/2023
Rent Deposit $6,572 Lease Options
Inventory $15,000 Leasehold Improvements $45,000
Equipment/ Fixtures $60,000 Other Assets
Full-Time Employees 0 Training Period 10 days & 10 hours per week
Part-Time Employees 0 Special License Required Beer & Wine License
Contract Staff 6 Reason for Selling Moving out of the country

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.