Lots Of Potential, Free Standing Restaurant On 34552 Sq.ft. Lot

Glendora, CA (Los Angeles County)

Lots Of Potential, Free Standing Restaurant On 34552 Sq.ft. Lot

Asking Price:$195,000

Cash Flow:$72,000

Gross Revenue:$720,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Lots Of Potential, Free Standing Restaurant On 34552 Sq.ft. Lot

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Business Description

Lots Of Potential, Free Standing Restaurant On 34552 Sq.ft. Lot

Lots Of Potential, Free Standing Restaurant On 34552 Sq.ft. Lot With Patio/parking

RRC#: 2518
Asking Price: $195,000
Location: Glendora, Los Angeles County, California
Yearly Revenue: $720,000
Yearly Cash Flow: $72,000
Monthly Rent: $5000 first year

LISTING DESCRIPTION:
This is a classic American Diner with tons of potential to expand, remodel or rebuild. The building is 2352 sq.ft. and features an entry with small waiting area, dining counter with 10 stools, dining room with 21 booths, and 3 tables, a patio that comfortably seats 20 or more people and a large parking lot that can easily accomodate 60 or more cars. The restaurant is on a main street in a business district with easy access to the 210 freeway. There is huge potential for growth with this large lot. The restaurant is open daily serving breakfast, lunch and dinner. Some equipment includes: 14ft hood with sprinklers, walk in refrigerator, with reach in doors, separate walk in freezer, 6 burner stove w/ oven, 4ft refrigerated prep table, vulcan mixer, 4ft grill, 4ft. charbroiler, double kettle burner stove top, 6 ft steam table, dish machine with hood, double pot sink, single door true freezer, double fryer, double door true freezer, 2 microwaves, 2 toasters, ice machine, warming drawers, soup kettle warmer, cappuccino machine, coffee maker, coffee grinder, ice cream freezer, salad prep station, cup racks, undercounter refrigeration, bread rack, metro racks, meat slicer, can opener, waffle iron, soda fountain, 4 food bins on wheels. The restaurant also features 2 bathrooms, separate dry storage room and office. The seller will also entertain selling the real estate. Please see listing 2517 for more details.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1983 | Current Owner: 1986 | Employees: 15 | Seating: 110 inside 20 outside | Square Footage: 2352 sq. ft. building, 34552 sq ft. lot | Parking: large lot with approx 70 parking spaces | Licenses Required: Health Department, City | Days Open/Hours: daily 6:00am to 9:00pm | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $720,000 | Yearly Cash Flow: $72,000 |

LEASE INFORMATION:
Monthly Rent: $5000 first year | Lease Expiration: 5 year lease | Yearly Adjustment: 3% | Lease Option: 5 year renewal | Security Deposit: 7500.00 |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

Restaurant Realty Company

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Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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