Franchise Italian Restaurant

Business For Sale
Lincoln Jeon
west hollywood
4117179
Food & Beverage: Restaurants, Fast Food, Deli
$399,000
2007
Not Disclosed
$1,000,000
$150,000
$NA
$150,000
$NA
Not Disclosed
Not Disclosed
 

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Reason for Selling:

Expanding

 

Overview of the Business:

This is a fully developed, turn key Franchise and a flagship Restaurant location which has a experienced staff. This efficient and smaller size Italian Restaurant receives great reviews from the locals and critics a like; many loyal repeat and delivery customers. The size is about 1200 sq. ft. of very tastefully laid out floor plan in a great shopping center. Rent is less then 10 % of the annual gross last 4 years. Sales have been between 800k to 1.2 mil in the last 4 years. There is 7 years left on the current lease, 2 and a 5 year option. Franchisor is looking for a full time Owner operator to expand the franchise. The right candidate must love food, have a great personality and must be a people person. Restaurant experience is a plus, however not necessary. This opportunity is available 200,000 down and the Franchisor to finance up to 200,000 upon approval of the buyer. Contact Broker for NDA. and further information.

 

Property Features and Assets:

the market is rebounding in the area.

 

Market Competition and Expansion:

Great area with high disposable income and lots of singles. west hollywood.

 

Additional Details: