Much Loved Indian Restaurant In Ocean Beach
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Listing No.: 106-21017
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Category: Restaurant
| Asking Price | $150,000 |
| Down Payment | $120,000 |
| Gross Revenue | $557,220 |
| Total Adjusted Net Income | $94,555 |
| Equipment/Fixtures | $56,000 |
| Year Established | 2012 |
| General Location | Ocean Beach |
Much-loved Indian restaurant for sale in Ocean Beach. A neighborhood favorite, this business has an amazing location with tons of street traffic and visibility, and a strong history of financial performance. COVID caused a pivot to take-out and delivery only. Sales took a dip but profitability and efficiency improved. Numbers shown are 2020. Owners moved out of state, and are not present to re-staff, retrain, and rebuild the dine in option. Opportunity to add breakfast and/or lunch, and many other revenue streams. Type 41 Beer & Wine License included- which is hard to get in OB. Please contact agent Mitch McGinley (404) 272-9108 for NDA and more info.
| Gross Revenue | $557,220 | Listed Price | $150,000 |
| Total Income | $94,555 | Down Payment | $120,000 |
| Base Rent | $3,250 | Square Feet | 1000 ft2 |
| Total Rent | $3,780 | Lease Description | Lease ends 4/2022 |
| Rent Deposit | $7,500 | Lease Options |
| Inventory | $2,000 | Leashold Improvements | $60,000 |
| Equipment/Fixtures | $56,000 | Other Assets |
| Full-Time Employees | 9 | Training Period | 2 Weeks |
| Part-Time Employees | Special License Required | ||
| Contract Staff | Reason for Selling | New Ventures |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
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