Mexican Restaurant-->Seller Finance Available

Northridge, CA

Seller Financing Available

listing image
Asking Price:$279,000
Gross Revenue:$780,000
Cash Flow:$234,000
Rent:$3,900
BUSINESS DESCRIPTION

For Sale: Established Restaurant with 35 Years of Tradition

This restaurant, located in a 1,000 square foot space, has been operating in the same location for 35 years, building a strong reputation and a loyal customer base. The full-time owner runs the business with the help of 2 full-time employees and 1 part-time employee, ensuring stable and reliable income.

Currently, the restaurant generates a monthly gross sales of $62,000 to $68,000 with a net income of $17,000 to $22,000. Before COVID, the business was making over $70,000 in monthly sales, indicating significant potential for future growth.

The rent is $3,480 with an additional CAM charge of $420, and the rent is fixed. A new lease will be required, with 3 years remaining on the current lease. The security deposit is two months' rent.

While the restaurant does not have an alcohol license, it remains a highly profitable and attractive business opportunity. Priced at $279,000, this is your chance to own a restaurant with a long-standing tradition and steady income.

Don't miss the opportunity to check out this promising business with great potential for higher profits!


DETAILED INFORMATION
Location
Northridge, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,000
Employees
3
Reason for Selling
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Sinclair
Kim
Tree Realty
Sinclair Kim