Price Reduced to $150,000 for this profitable restaurant. The Owners serious illness forces the sale and is willing to carry a large long term note to experienced, well qualified Buyers. Only $75k down for this well established business. Whether you're looking for quality Sea Bass, Halibut, Salmon or Snapper for lunch or dinner, this combination of wet fish sales counter and sit-down restaurant is ripe for development and opportunity. Located in an upscale Northern LA County community, corner spot, on a major thoroughfare with patio seating and great curb appeal. Currently 85% of the business is seated and only 15% fish 'off sales' offering charbroiled fresh fish entrees, fish sandwiches and salads. Like most restaurants during the major 2020 pandemic, this business also suffered. The financials shown are from 2021.
In the same ownership for 10+ years but illness forces this sale as owner is physically no longer able to run the business, relying on long term employees to manage the day to day. Hours of operation are 10.30am - 8.00pm Tuesday - Saturday.
Fully equipped kitchen which includes but is not limited to; Two walk-in's, 10' type 1 extraction hood with fire suppression system, Broiler, flattop, 2 deep fryers, ovens, refrigerated worktops, separate dishwash area and further outside storage. The Fish kitchen has ample s/s prep work surface, under-counter fridges and a 8' iced & lit fish display counter. There are easy changes to make more room and increase the already respectable sales revenues.
To receive further information and discuss this opportunity with the broker, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker, Keith Simpson's direct contact information so you can discuss this opportunity in more detail.
- Current Owner2012
- Reason For SaleRetirement
- Seating35 Indoors 20 Patio
- Square Feet1,750 Indoors +500 Patio
- Parking25 Vehicle Parking lot and street
- LicensesHealth Permit & Business License
- Open Hours10.30am-8.00pm Tuesday-Saturday. Close Sunday and Monday
- Rent$4,900 including NNN
- Yearly Increase2%
- Option3 year lease option
- Monthly Revenue$50,350
- Monthly Cash FlowContact For Info
- Annual Revenue$604,205
- Annual Cash FlowContact For Info
- Down PaymentContact For Info
- Note BalanceContact 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.