Seller Motivated Low Rent Montebello Quick Service Restaurant For Sale

Business description

This Montebello quick service restaurant includes an attractive lease rate below $1.00 per square foot. The restaurant currently serves a distinct Mexican offering but may be converted to a number of other concepts. The business is located on one of Montebello’s main boulevards and has excellent street visibility. The affordable rent and low overhead make it an ideal opportunity for any buyer to implement their own concept with minimal start up capital. The seller is highly motivated and will entertain all serious offers.

Property information

Real Estate:

Lease

Lease terms:

This 1,500 square foot facility leases for $1,400 per month including common area maintenance expense. The landlord will likely offer the buyer a new term with options.

Location:

This 1,500 square foot facility leases for $1,400 per month including common area maintenance expense. The landlord will likely offer the buyer a new lease term with options. The sale includes all the business assets including the furniture, fixtures, and equipment, however, the trade name and menu will not transfer.

Size in square feet:

1,500

Business Operation

Expansion potential:

As this business is nearly entirely absentee operated, and the owners manage other locations, this business would certainly benefit from a full time working owner that can oversee the staff, food and customer service offering. Increased advertising with coupons, local business promotions, banners and signs should provide added exposure that may bolster revenues as the company does no marketing.

Competition / Market:

Competition is considered medium as other restaurants exist in the area, however this opportunity is priced well for its location and the sale provides a new owner with a turnkey facility from which to launch his/her own concept.

Reasons for selling:

Personal

Employees:

2

Years established:

2004

Other information

Support & training:

2 wks at 20 hrs/wk

Financing available:

Not Offered

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)