Drive-In Burgers: Gross $720K, Net 120K, SBA OK, at 340K,

Chino, CA (San Bernardino County)

Drive-In Burgers: Gross $720K, Net 120K, SBA OK, at 340K,
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Asking Price: $340,000

Cash Flow: $120,000

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: $6,000*

Rent: $5,300 /Month

Established: 2010

*not included in asking price.

Drive-In Burgers: Gross $720K, Net 120K, SBA OK, at 340K,

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Business Description

It is an old-fashioned hamburger restaurant with Western style decorations. It is well known for its old-fashioned hamburgers and homemade dishes, and is popular with local neighbors for decades. It's turn key. A good parking. Huge dining room with spacious banquet room. Located in an outstanding threshold at a small-size strip center which has well exposure to the cross traffics and is surrounded by commercial and residential areas near Frw 60, but is slightly offset from vigorously developing western zone. This well-established hamburger diner that has been a community bastion for overdecades offers breakfast, sandwich, mexican dish and specific cuisine of tasty burger.
> Unfortunately, it is also surrounded by a lot of nearby competitive hamburger restaurants or local breakfast-lunch restaurants in the area. Here is a quick summary of operations and financial information:
• Monthly gross turnover averages $60,000 or more, of which credit card sales accounted for about 50%
• Monthly net income averages more than $10,000
• Cost of goods sold equals on average of 30% or lower
• Reasonable monthly rent is $5,300 , including NNN /CAM
• Its size is approx.5100 sq. ft
• 2 years remaining on current lease plus 5 yrs option. Buyer can apply for another 5 year option since thelandlord is very corporative
• Hours are from 7 am to 9 pm ,7 days
• 9 of full-time or part-time Employed
• One owner still manages the business and help assist in operation until 3 pm
• Established for decades, but operated for 10 yrs by the current owner
• Ample parking space
• SBA loans are available for a 30% or $105,000 down. With $235,000 loans, a monthly amortization expected approx. $2,790 over 10 years at 7.5% annum
• For more details, email your inquiries at beeinvest.kim@gmail.com or text at (714) 345-6514
• An online NDA form attached for your convenience. Sign and resend. Strongly
• Strongly recommend visiting to our office for this specific business

Attached Documents


Detailed Information

Location:
Chino, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,100
Lease Expiration:
4/30/2028
Employees:
9
Facilities:
Full kitvhen, 6' hood, Wall-in freezer, Walk-in cooler, Charbroiler, Gril, Ice Machine, Beverage dispenser, Regrigerators, Micro oven, Food processor, Steam table, Banquet room (2000 sq,. ft), Lg parking
Competition:
3 hamburger diners are in 2 mile radius
Financing:
N/A
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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Business Location


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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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