Drive-In Burger: Asset Sale, Full Absentee, Gross $540K, Prc $190K, OC

Fountain Valley, CA (Orange County)

Drive-In Burger: Asset Sale, Full Absentee, Gross $540K, Prc $190K, OC
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Asking Price: $190,000

Cash Flow: $48,000

Gross Revenue: $540,000

EBITDA: N/A

FF&E: N/A

Inventory: $5,000*

Rent: $8,500 /Month

Established: 2013

*not included in asking price.

Drive-In Burger: Asset Sale, Full Absentee, Gross $540K, Prc $190K, OC

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Business Description

> Old fashioned hamburger restaurant without drive through. Located in the prime point of the bustling large shopping center where the several franchise anchor tenants are situated. Surrounded by a mix of retail and residential homes.
> Famous for hamburgers and homemade dishes, popular with locals for many years.
> This is asset sales, including beer and wine license.
> It's a decent turnover of more than $45,000 a month, but due to the overhead costs of full-absentee run, profits rarely cross the breakeven point. Monthly netting is still sligjtly over $2,000 to $4,000 a month. So, experienced buyers in this field wanted.
> This old-fashioned hamburger restaurant, which has been well-kept for years like a community bastion, serves breakfast, sandwiches, Mexican specialties and a special dish of delicious burgers.
> Has a cozy dining room plus roomy outdoor patio. Ample parking. For more, see below:
• Monthly gross turnover averages $45,000 or more, of which credit card sales accounted for about 55-60%
• Monthly net profit is between $2,000 and $4,000 but remember it's an asset sales as is condition
• Cost of goods sold equals on average of 34%
• All-in rent is $8,500, including CAM
• Restaurant size is approx. 2800 sq. ft plus outdoor patio
• 3.5 years remaining on current lease. No option. Buyer can apply for a reasonable option since the landlord is corporative
• Open hours are from 11 am to 9 pm , 7 days
• 2 full-time and 5 part-time staff work. None of owner works. It's literally 100% help run business
• Wages paid for employees are over $14,000 a month, including payroll tax
• Good parking space
• Express SBA loan (7a)is available for 50% down
• For more details, email your inquiries to beeinvest.kim@gmail.com
• An online NDA form attached for your convenience. Sign and resend for a ‘walk-by’
• Strongly recommend visiting to our office for this unique drive-in burger business opportunity

Detailed Information

Location:
Fountain Valley, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
1/31/2024
Employees:
2 FT, 5 FT
Facilities:
Full kitchen, Hood and grill, Deep frier, Char-broiler, Cozy Patio, Soda fountain, Ice machine, Steam table, Walk-in cooler / freezer, Work space, Storage, Refrigerator
Competition:
Yes
Financing:
None
Support & Training:
2 weeks after closing an escrow
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Show Phone Number

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