Drive-in Burger: Free-Stand, Rev $720K, Netting $150K, Prc $340K, OC

Brea, CA (Orange County)

Drive-in Burger: Free-Stand, Rev $720K, Netting $150K, Prc $340K, OC
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Asking Price: $340,000

Cash Flow: $150,000

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: $6,000*

Rent: $4,680 /Month

Established: 2017

*not included in asking price.

Drive-in Burger: Free-Stand, Rev $720K, Netting $150K, Prc $340K, OC

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Business Description

> It is an old-fashioned hamburger restaurant with Western decor. No drive-thru available.
> Famous for its old-fashioned hamburgers and homemade dishes, popular with locals for decades.
> However, the current owner has been in business for two years now, and no longer interested and decided to sell the business.
> Well exposed to traffic on both sides, surrounded by commercial and residential areas near 57 Frw, and on one corner slightly offset from the active development of the area.
> Cozy dining room plus roomy outdoor patio. It's Turnkey. A fine parking.
> The old hamburger restaurant, which has been well-kept for decades like a community fort, serves breakfast, sandwiches, Mexican specialties and a special dish of delicious burgers.
> For more, see below:
• Monthly gross turnover averages $60,000 or more, of which credit card sales accounted for about 55-60%
• Monthly net profits are an average of $12,500
• Cost of goods sold equals on average of 32%
• Base rent is $4,000 plus $680 for CAM estimate
• Its size is approx. 1600 sq. ft plus patio
• 4 years remaining on current lease. No option. Buyer can apply for another 5-year option since the landlord is very corporative
• Reasonable hours are from 7 am to 8 pm , 7 days
• 7 of full-time or part-time Employees.
• One of owner manages and help assist in operation full-time, 7 days
• Established for decades, but the seller has run for 2 yrs now
• Good parking space
• SBA loans are available for 50% due to the lack of business history.
• For more details, email your inquiries at beeinvest.kim@gmail.com
• An online NDA form attached for your convenience. Sign and resend for address and ‘walk-by’
• Strongly recommend visiting to our office for this unique drive-in burger business opportunity

Detailed Information

Location:
Brea, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
9/30/2023
Employees:
7
Facilities:
Full kitchen, Soda fountain, Hood, Grill, Deep fryer, Char-broiler, Cozy Patio, Ice machine, POS system, Fine parking, Stand-alone bldg.
Competition:
No
Financing:
50% down commerial loan ava
Support & Training:
2 week regular training after closing an escrow
Reason for Selling:
No interest in restaurant
Contact Seller

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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