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Lake Elsinore, Riverside County, California
Asking Price
$99,999
Revenue
$600,000
Down
Call/Email
Cash Flow
Call/Email
Name: Jack Oh
Phone: Show phone number
Name
Jack Oh
Phone
Show phone number
Posting ID:
290009
Business Category:
Restaurants & Food
Business Types:
Full Service, Dine In Restaurant
Asian Restaurant
Barbeque, BBQ Restaurant
Hawaiian Style Restaurant
Keywords:
Lake Elsinore, riverside county, california, full service, asian, hawaiian, bbq
Attributes:
Semi Absentee Run
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Presenting a lucrative opportunity to acquire a thriving American restaurant situated in the heart of Riverside, California. This well-established business, which has been owned and successfully operated for over 3 years, boasts an impressive annual gross revenue of $950,000. The restaurant operates seven days a week, from 7 am to 10 pm, ensuring a steady stream of loyal customers. The facility, spanning approximately 2,000 square feet, is conveniently located and comes with a drive-thru service, further enhancing its appeal. The monthly rent stands at a reasonable $5,090, with a lease that extends for 7 years, plus an additional 10-year option, providing long-term security. This sale includes an experienced team of six full-time employees, ensuring a seamless transition for the new owner. The seller will also provide two weeks of full-time training, supplemented with additional 8 hours of direct guidance. The average net income potential stands at a robust $35,000 per month, offering a significant return on investment. The asking price for this profitable venture is $450,000, with a down payment of $225,000. The owner is planning to retire, making this a prime opportunity for an ambitious entrepreneur seeking to capitalize on a thriving business in a prime location. Don't miss out on this golden chance to take over a prosperous restaurant business with substantial growth potential. Contact the broker, Samuel Kim, today at +17142902362 or bizbenbest49@gmail

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