> Casual Family Restaurant & Real Estate for Sale - Reduced Price!
> A Prime Corner Location: Highly visible intersection in Anaheim industrial complex.
> Freestanding Bldg/Lot: Established casual restaurant, offered at $2.99M (was $3.29)
> Property Features: The site includes a ±2,790 sq. ft. building on a ±17,864 sq. ft. lot (0.41 acres), originally built in 1986 as a gas station. Additionally, there is an approximately 600 sq. ft. covered patio that is not officially recorded with the city.
> Absentee Run (Upside for Owner-Operator): Seller advises active ownership for maximized income.
> Long-Standing Business (Est. 1986): Local favorite with 38-year history, serving diverse menu.
> Business-Only Option: Turnkey, absentee-run café available from $490K (negotiable lease: $10K/mo + NNN, 3% annual increase, 5+5 yr). Inquire about property purchase.
• SALES
Revenue: Annual gross ranges from $929K+ (2-yr avg, per financials) to $1.14M (SDE, unverified), averaging $1.03M+.
• Income Potential
(1) Business Purchase Only ($490K): Projected $12K/mo net (SDE, unverified) for absentee owner after ~$11.4K rent/CAM. This reflects absentee owner profit; a full-time, active buyer is anticipated to generate significantly higher earnings.
(1) Combined Purchase: $2.99M for business & property yields projected $22K/mo income (after adding back $10K rent), a strong 8.82% CAP rate. This offer is highly recommended for the buyer.
• Hours: Mon-Fri 6 AM - 8 PM, Sat 6 AM - 3 PM, Closed Sun
• Staffing: 13-15 employees, ~$26,908 monthly payroll (2014 data), seller's son assists management.
• Pricing Breakdown:
> Business Only: $490K, with $10K/mo rent + NNN (3% annual increase), 5+5 yr option.
> Property Value: Estimated at $2.6M, yielding a 4.61% CAP rate on a $120K NOI.
Financing: SBA loan possible (min. 30% down). Est. monthly payment $18,652 over 25 yrs @ 9.75% (subject to buyer & market). Mortgage builds equity. Importantly, mortgage payments build equity towards future wealth upon property resale.
• Due Diligence Requirement: Prior to the release of further details, including the property address and the opportunity for a "walk-by," the completion of a Non-Disclosure Agreement (NDA), a buyer's profile, and proof of funds is required.
DISCLAIMER:
• All claims regarding business operations and profitability are based solely on information provided by the seller (written, expressed or verbal) and have not been independently verified by the broker
• Action Realty Task Holdings, Inc. (ART), including its brokers and agents, makes no representations or warranties regarding the accuracy, completeness, or validity of the information presented.
• ART shall not be held responsible or liable for any inaccuracies or omissions in the information provided, regardless of whether such issues are factual or unintentional.
• Prospective buyers are strongly encouraged to seek independent professional advice—such as from accountants, attorneys, or other qualified business advisors—if they deem it necessary, in order to verify all business and financial information related to this potential purchase.