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For Sale: Restaurant and Real Estate for Sale - Southern , California

  • Address: Norco,

  • Status: Active

  • Posting ID: 282977

  • 9/22/23

$1,985,000.00

Asking Price

Southern  Restaurant and Real Estate for Sale Business For Sale

Description

Restaurant Plus REAL ESTATE (Land & Building) on Prime Retail Site in Desirable Area


RRC# 4591

Location:  Norco, CA


Description:

Rare opportunity to own a great restaurant plus the real estate (land and building) rather than leasing from fickle landlords. This retail restaurant site is over 55,000 square feet (over 1.25 acres) directly on a busy retail corridor with good ingress and egress. The area demographics are stronger than average for Riverside County with good economic growth in this highly desirable community. The pricing for this opportunity is based primarily on the real estate market sale comparables. 


The current restaurant operates primarily as a breakfast and lunch operation and has been in successful operation for over 20 years. Buyers can continue with the same home-style menu and operation, or they can bring their own concept. Restaurants can be expanded subject to City approval.


Full kitchen with Type 1 Hood with fire suppression system (approx 16 ft), high volume grease trap (approx 1,000 gal) with all equipment owned free and clear and included in the sale price, with the exception of the leased dishwasher and POS system. Over 100 years in the current configuration.


Financial Information:

Monthly Revenue: $75,000 

Monthly Cash Flow: Contact for Info 

Annual Revenue: $900,000 

Annual Cash Flow: Contact for Info

Annual Payroll: Contact for Info


General Info:

Ownership:  LLC

Established: 2000

Current Owner: 2008 

Employees: 10-15 

Reason For Sale: Retirement 

Monthly Rent: Includes Real Estate


Facilities:

Square Feet: Over 4,000 

Seating: Over 100 

Parking: Excellent 

Licenses: Health Permit

Days/Hours of Operation: Monday through Sunday 6 to 3

To get more information about this Restaurant and Real Estate for Sale business for sale in Southern please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282977 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant and Real Estate for Sale, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.

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Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701

Details

  1. Asking Price: $1,985,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    $900,000.00

  1. Area: Southern

  2. City: Norco

  1. Attributes:

    Broker CooperationTraining & Support

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Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


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