Family Diner & Bldg: Hi Volume, Absentee, Netting $551K, Prc $4.85 Mil
| Asking Price: | $4,850,000 |
| Gross Revenue: | $2,200,000 |
| Real Estate: | $3,160,000 |
| Cash Flow: | $552,000 |
| Inventory: | $20,000 |
| Established Year: | 2014 |
> Well-established family diner and property surrounded by upscaling neighborhoods.
> Drive-thru. High volume, High income
> Since the seller is willing to sell the business separately, all qualified buyers have the option to purchase only the business right now.
> Absentee-run. Turn key.
> See more details below
• Monthly gross sales average $185,000, but overall actual sales are much higher than stated.
• Monthly net income averages $46,000, based on 2022 tax return and 2023 Q1-Q3 P&L.
• Property summary
- Bldg. 3,972 SF
- Lot 37,462 SF
- Built in 2008
• Price breakdown: $4.85 million
- Property (bldg. & lot) value to be 3.16 million
- Business value to be $1.69 million.
The price determined by estimating EBITDA based on 2022 tax return and Q1-Q3 2023 P&L to be $551K
- Property value to be $3.16 million, resulted in a CAP rate of 5.7%, assuming a reasonable NOI of $180,000.
- Note that property value may be changed subject to the sales comparison (COMS) of recently sold real estate in an area or the current open market listings.
• Buyer's Option to only purchase a business
- Since the seller is willing to sell the business separately, all qualified buyers have the option to purchase only the business.
- If you wish to purchase a business only, you can do so. Then, monthly rent suggested by seller to be $15,000 including applicable NNN, with lease terms of 5+5 or more. Any reasonable offer workable.
• Completely absentee-run.
• Offered ample parking in front
• Completion of NDA and buyer’s profile required. Please use attached NDA form
• “Note”
> All information contained in this document is solely the result of statements made by the seller.
> Action Realty Task, Inc.’s Brokers, its agents, or subsidiaries make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are encouraged to seek the advice of accountants, attorneys and/or other available business advisors, if deemed necessary, to verify the accuracy of any business information provided through our ads.
