Moreno Valley Restaurant - Great Location Near Mall
Location: California, United States
Category: Food and Beverage
Type: Established
Asking Price: $120,000
Cash Flow: $49,725
Revenue: Not Disclosed
Gross Income: $277,111
Inventory: $2,500 - Included in the Asking Price
FF&E $20,000 - Included in the Asking Price
Real Estate: Not Disclosed
This restaurant has a great location near the Moreno Valley Mall. Currently operated absentee and fully staffed with generous wages, it is an ideal family operation which will reduce payroll expenses and increase profitability. Current advertising efforts are minimal due to the steady flow of traffic the mall generates. With only 2 years of history, this business is poised for continued growth and should operate more efficiently with a working owner managing the restaurant.
Facilities:
Assets to transfer in the sale include all of the kitchen equipment, such as the grill, fryer, food prep stations, refrigerators and freezers, ice maker, stainless steel sinks, inventories, supplies, cash register, trade name, and menu. The fair market value of the furniture, fixtures, and equipment is estimated at $20,000 and inventory is about $2,500. The details of the lease, facility, and location will be disclosed upon receipt of the Non Disclosure Agreement and Buyer Profile.
Financing:
Not offered
Support:
Seller will train for 2 weeks at 20 hours per week
Competition:
Competition is considered medium due to the other restaurants in the area, however each restaurant reserves exclusive rights to sell their agreed menu and food type.
Growth:
A new owner may increase revenues by expanding the menu offering to include chicken sandwiches, salads, gyros, kabobs, falafel, hummus, etc. Additional marketing efforts may be aimed at student promotions given the number of students and schools surrounding the restaurant.
Reason Selling: Other Business Ventures
Number of Employees: 6
Year Established: 2004
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