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Norco, California
Restaurants & Food
1 result for "Restaurants & Food" businesses in "Norco, California"
Norco, California
Restaurants & Food
1 result for "Restaurants & Food" businesses in "Norco, California"
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Norco, California
ASK $289K: THAI RESTAURANT near CORONA: MONTH $18K NET:Rent $3,858, YEAR GROSS $1.19M :SBA $100K DOWN
$ 289,000
CF : $ 216,000
ASK $289,000. MONTHLY NET INCOME:$18,000(per seller's disclosure) Available for sale is a profitable Thai restaurant in the bustling city of Norco, California. This Asian restaurant has been successfully operating since 2018 and currently employs a team of 10. The asking price is $289,000, with an SBA loan option of $100,000 down. The restaurant boasts a yearly gross of $1.19 million and an actual net income of $216,000 per year. This high profitability paired with the asking price offers a quick ROI for any potential buyer. The business operates in a 2,000 square foot space with a monthly rent of $3,858. The establishment offers a turnkey operation with an established menu, loyal customer base, and a well-trained team. Additionally, the business has several attributes including an absentee run model, SBA loan pre-qualification, training and support for new owners, and a liquor license. The reason for sale is due to the owner managing several businesses. The new owner will receive 2 weeks of training after the closing of escrow, ensuring a smooth transition. This is a fantastic opportunity to own a thriving Thai restaurant in a prime location. For more details, or to view this business, contact broker Joey Kim at 213 255 1478
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