• A well-established soul food family restaurant with excellent location on the corner of an intersection, centrally located in a wall-to-wall strip mall with ample parking at the front.
• Large sales and high income with a proven track record. Books reported from square, absentee run, turn-key.
• Total annual sales, including catering and delivery orders, exceeded $1,172,952, and are continuing to grow steadily this year.
• The eight-year-old soul food restaurant, which started out as the area’s flagship eatery, generates high net income of over $379,236 annually, but with an asking price of just $700,000, it is a profitable, high-margin business that should pay back its purchase price in less than two years.
• As luck would have it, just 3 months ago the listing was listed at $1.2 million, but the seller, due to unbearable family issues, has decided to sell at the lowest possible price of $650,000 to expedite the sale process.. My hearty advice is to take quick action to secure your first priority to seize this opportunity before it is too late.
• See below for details
> Gross monthly sales are $97,746 on average
> Monthly net income an average of $31,603
> Premises is approx. 2,800 SF in its size
> A monthly rent of $4,800 including NNN
> 10 yrs remaining on the current lease
> 6-day open with reasonable hours from 9 am to 8 pm. Closed on Mondays
> Help run 5 Full-time employees. Owner does not do any work works but assists with management as necessary just like one day per week.
> Established for 8 years, offering ample parking at front
> SBA loans with 30% down are quite possible for qualified buyers
• NDA is mandatory for 'Address' or do 'Walk-by'. Sign and Return NDA form attached herewith
• Financial reports are only available to buyers who demonstrate the aforementioned eligibility criteria, have sufficient purchasing funds, and are committed to presenting the NDA and required documentation.
• For more information, please contact Kevin at (714) 345-6514
DISCLAIMER:
• All claims regarding business operations and profitability are based solely on information provided by the seller (written, expressed or verbal) and have not been independently verified by the broker.
• Action Realty Task Holdings, Inc. (ART), including its brokers and agents, makes no representations or warranties regarding the accuracy, completeness, or validity of the information presented.
• ART shall not be held responsible or liable for any inaccuracies or omissions in the information provided, regardless of whether such issues are factual or unintentional.
• Prospective buyers are strongly encouraged to seek independent professional advice—such as from accountants, attorneys, or other qualified business advisors—if they deem it necessary, in order to verify all business and financial information related to this potential purchase.
Ad#:2327265
