Poke Sushi Beer and Wine $3500 all-in rent

Long Beach, CA
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Asking Price:$299,000
Gross Revenue:$660,000
Rent:$3,500/Month
Cash Flow:$96,000
Inventory:$5,000
BUSINESS DESCRIPTION

Practically new Poke restaurant (new build alone would cost $400k), very professional setup with new equipment with franchise like branding. Just take over and start making $100k per year as part time owner. Everything is turnkey, no expected capital expenditures for a while. Will only consider experienced restaurant owners***

Monthly figures:
$55k sales
$5k sales tax (10%)
$16.5k labor (30%)
$16.5k cog (30%)
$3.5k rent (6%)
$5.5k miscellaneous, utilities/insurance/payroll tax (10%)
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$8k take home profit (14%)


DETAILED INFORMATION
Location
Long Beach, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
700
Lease Expiration
30/06/2030
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Hwan
Pak
Pacific Restaurant Brokers
Hwan Pak