Mediterranean/American With Beer and wine license.

Sierra Madre, CA
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Asking Price:$215,000
Gross Revenue:$560,000
BUSINESS DESCRIPTION

Prime location in the charming city of Sierra Madre, with lots of cars and foot traffic. It has been established over 25 years, 17 with present seller, and is surrounded by a mix of residential, commercial and retail stores. The building size is 1,200 SF, seats 70 patrons inside and outside on the pleasant sidewalk with view of the mountains. Has 2 bathrooms, storage area and an office. Rent is $ 3,450/MO with 14 years lease; payroll is $13,000/MO, and gross annual sales are $ 560,000. Has a fully equipped kitchen; two hoods, walk-in cooler 11x7, walk-in freezer 6x6, two gas burners stoves with 6 burners each, flat grill, BBQ grill, 3 prep tables 6 feet each, 2 prep tables w/bottom fridges, steam table, one standing 2 door fridge, another one standing fridge, soda fountain, ice machine, one salamander, 2 coffee brewers (3 unit each), espresso machine, ice tea brewer, meat slicer, 2 microwaves, camera system ,small bar station, a brand new floor, and a brand new 2 A/C units. It serves distinguish Mediterranean and American food. Has a front entrance and another back one toward the free public ample parking spaces.Business opens 6 days 9:00am- 3:00pm Tuesday-Saturday and closed between 3:00-5:00 and Sunday it opens 9:00am- 8:30 pm. This turn-key business does not engage in any active marketing efforts relying only on word of mouth. Sales volume can be increased by advertising, using social media, mailing out coupons, flyers, having happy hours etc. This sit-in, take-out and catering venue has a great potential to grow, taking into consideration the good location, the upper class neighborhood and its great social media reviews. New buyer can keep the same concept, or convert to any type of cuisine: Thai, sushi, Chinese, Italian/pizza, Mexican food, sandwiches etc. All equipment, furniture, fixtures and beer and wine license are included in the sale. This opportunity is most convenient for an owner/operator, or as a family run business. Owner is retiring after 38 years in the food industry. Please do not talk to employees as they are not aware of sale. Showing is by appointment only.


DETAILED INFORMATION
Location
Sierra Madre, CA
Inventory
Not Included in asking price
Employees
7
Facilities
The restaurant size is 1,200 Sf, seats 70 patrons inside and out on a pleasant sidewalk with view of the mountains, rent is $3,450/MO, has 14 years lease, full kitchen, the property is well maintained . Has a front entrance and another one in the back that leads to an ample public park spaces. The city is business friendly and is a destination for people who appreciate the tasty food nice ambiance and serene mountain views.
Competition
Business is in a prime location in the heart of the city main entertainment thoroughfare. Offers Mediterranean and American food. Catering consist a good portion of the business.
Growth & Expansion
This turn-key business does not engage in any active marketing efforts relying only on word of mouth, which translate to a great upside. taking into consideration the good location, the upper class neighborhood and the great social media review. The venue has an immense potential to grow. New savvy buyer can increase the sales volume by advertising, using social media, mailing out coupons, ,flyers, adding happy hours etc.
Support & Training
Seller will train.
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Michael Raad
Berkshire Hathaway golden realty
Michael Raad