Business Description
> Profitable Restaurant & Real Estate: Offered for sale at $4.5 million, this freestanding family casual restaurant includes its ~3,540 sq. ft. building (built 1995) on a ~33,976 SF ( 0.8-acre) lot in a high-traffic Thousand Palms location.
> Established & High-Volume: Operating since 2014 with drive-thru, serving a strong mix of residential and traffic client
> Strong Financial Performance: Seller-represented annual sales exceeding $million indicate a historically high annual income over $2,350,000 for this absentee-run operation
> For more details, see below.
• Solid Revenue Stream: The annual gross revenue ranges from $2,200,000 (3-year average revenue – 2022-2024, based on Verified P&L, tax returns only) to $2,350,000 (based on SDE, not verifiable by broker), which equates to an annual gross revenue of just over $2.35 million.
• Strong Income Potential: The seller projects a steady $37,000 monthly net income (SDE) after $9,100 in rent/CAM. An owner-operator could potentially realize the rent/CAM expense. Buyer verification is encouraged to confirm this robust income structure.
• Cost of goods sold is approx. 33.5%.
• Operating Hours: Open 5:00 AM - 9:00 PM daily.
• Staffing (Absentee Run): The business is fully staffed with 16-18 employees and currently operates absentee.
• Ample parking is provided.
• Pricing summary for buyers: $4.5 million
• Total asking price of $4.5 million includes both the business and property.
• Property Valuation: The property is reasonably valued at $3.1 million (subject to fair market value COMPS), yielding an approximate 5.9 % cap rate based on the
• Business Value: Priced reasonably at $1.4 million, reflecting a net monthly income of $37,000
• Business-Only Option: Turnkey business opportunity with the right of first refusal. The business can be purchased at $1.4 million.
Agent Name: Mooney Lee
Phone # (714) 823-7171
Email address: topla7171@gmail.com
Ad#:2463614
