Established Mexican restaurant in the heart of Los Angeles, serving excellent food with fully equipped kitchen and seating for 22 inside, 4 outside. Over 1,000,000 residents live within a 5 mile radius and over 50,000 cars pass the restaurant daily. It's perfect for small restaurant, catering or delivery business. They have excellent reviews! Landlord will issue new lease. Equipment includes: 10 ft. hood, 10 ft walk in cooler, 2 single door freezers, 2 door under counter fridge, 6 burner stove with oven, 6 ft prep table, 4ft grill with oven, meat slicer, microwave, 3 stainless work tables, coffee machine, ice maker & shelving. Tablets are set up for Grubhub, DoorDash and Postmates. Restaurant has upstairs office area. Parking in front and back.

General Info

  • OrganizationSole Proprietorship
  • Established1994
  • Current Owner1994
  • Employees2
  • Reason For SaleRetirement

Facilities

  • SeatingContact For Info
  • Square Feet950
  • ParkingFront and back
  • LicensesContact For Info
  • Open HoursMon-Sat 8am-5:30pm

Lease

  • Rent$2,750
  • ExpirationNew 5 Year Lease
  • Yearly Increase3%
  • OptionPossible 5 year
  • Deposityes

Financials

  • Monthly Revenue$16,142
  • Monthly Cash Flow$3,033
  • Annual Revenue$193,700
  • Annual Cash Flow$36,400
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location