Cafe in Industrial area and resident
Business Description
Family Restaurant & Real Estate for Sale - Reduced Price!
1). Monthly gross is $110,000 to $130,000 a Year
2). Monthly rents $ 10,000 + $ NNN
3). Lease Has to New
4). Size is approx. 2,790 SF.
5). Ample Parking lot, 30Car
7). The restaurant has been owned 38 Years
> A Prime Corner Location: Highly visible intersection in Anaheim industrial complex.
> Freestanding Bldg/Lot: Established casual restaurant,
> Property Features: The site includes a ±2,790 sq. ft.), There is approximately 600 sq. ft. covered patio that is not officially recorded with the city.
> Long-Standing Business (Est. 1986): Local favorite with 38-year history, serving diverse menu.
> (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+.
(1) Business Purchase Only ($499K): 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.
• 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.
> Business Only: $499K, with $10K/mo rent + NNN (3% annual increase), 5+5 yr option.
1). Monthly gross is $110,000 to $130,000 a Year
2). Monthly rents $ 10,000 + $ NNN
3). Lease Has to New
4). Size is approx. 2,790 SF.
5). Ample Parking lot, 30Car
7). The restaurant has been owned 38 Years
> A Prime Corner Location: Highly visible intersection in Anaheim industrial complex.
> Freestanding Bldg/Lot: Established casual restaurant,
> Property Features: The site includes a ±2,790 sq. ft.), There is approximately 600 sq. ft. covered patio that is not officially recorded with the city.
> Long-Standing Business (Est. 1986): Local favorite with 38-year history, serving diverse menu.
> (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+.
(1) Business Purchase Only ($499K): 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.
• 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.
> Business Only: $499K, with $10K/mo rent + NNN (3% annual increase), 5+5 yr option.
About the Business
- Facilities & Assets
- Equipped Restaurant Space: Full Kitchen, Walk-in Cooler, Hoods/Grill, Gas Burners, Workspace, Ice Maker, Bev Fountain, Steam Table, Prep Table, Salad Refrig., Micro Ovens, Meat Slicer, Storage, 2 Restrooms, ~600 SF Covered Patio
- Opportunities for Growth
- • 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
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 2,790
About the Sale
- Seller Motivation
- Seeking semi-retirement & portfolio rebalancing
- Transition Support
- New owner gets 2 weeks full-time training from manager & seller upon closing.
- Financing Options
- sba
Listing Info
- ID
- 2464153
- Listing Views
Listing ID: 2464153 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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