Drive-thru Burger: Hi Vol $2.04M, Netting $540K, SBA, Prc $1.25M, OC

Orange County, CA

Drive-thru Burger: Hi Vol $2.04M, Netting $540K, SBA, Prc $1.25M, OC
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Asking Price: $1,250,000

Cash Flow: $540,000

Gross Revenue: $2,040,000

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $9,000 /Month

Established: 2014

*not included in asking price.

Drive-thru Burger: Hi Vol $2.04M, Netting $540K, SBA, Prc $1.25M, OC

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Business Description

A well-structured hamburger restaurant with a drive thru. Situated in a ‘prime’ spot of wall-to-wall strip center. Quite high sales volume is well over $2.04 million a year.
Semi-absentee run. It’s Turn-key. 5 years in business.
SBA loans w/30% down available with 10-year installments.
Good indications are that consistent sales and profits have been maintained for many years and continue to the present day.
Tight footprint and reasonable rent which is very reasonable as less than 6% of the gross. A long-term lease in place.
For more, see below:
• Gross turnover is an average of 170,000 per month
• Monthly net income is well over $45,000
• Cost of goods sold equals an average of 37%
• Premise size is approx. 2,000
• 2 years remaining on the lease plus 2x5 years option
• All-in current rent is reasonably $9,000
• Business hours are 6 am to 10 pm, 7 days a week
• There are 22 FT / PT employees
• Fine parking space in front and at the strip center
• SBA loans w/30% down is available. With a $400,000 down, an installment of approx. $10,100 a month estimated for 10 years at 7.5% annum. Interest rates may vary depending on the buyer's creditability based on SBA loan scoring system.
• Buyers must prove sufficient funds seasoned over 90 day in bank statements, FICO +700 and more than 2 years restaurant experience
• For your quick inquiry, sign and return the attached online NDA form
• For more details, come to our office or contact Kevin Kim at beeinvest.kim@gmail.com. For a voice mail or a message at (714) 345-6514
• The seller is highly motivated and to be able to negotiate a price

Detailed Information

Location:
Orange County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2031
Employees:
22
Facilities:
Semi-absentee run, Full kitchen, Drive-thru, Hood and grill, Oven, Workspace, Storage, Beverage station, Freezers, Refrigerators, Prep tables, Steamer, Located in wall-to-wall strip mall.
Competition:
Yes
Financing:
N/A, but SBA loan very possible
Support & Training:
2 weeks after closing an escrow
Reason for Selling:
Retireing
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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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