Address: Norco,
Status: Active
Posting ID: 282977
9/22/23
$1,985,000.00
Asking Price
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.
Contact
Details
Asking Price: $1,985,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $900,000.00
Area: Southern
City: Norco
Attributes:
My Notes About This Listing
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Typical Floor Size
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Year Built
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ABC license specialist and owner of ABC Licensing Services, Elaine Olshanetsky, has 25 + years of experience obtaining and transferring liquor licenses for clients. assisted new buyers as well as seasoned professionals.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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