High Gross Producing Hamburger Stand with DRIVE-THRU.
Asking Price: | $1,399,000 |
Inventory: | $20,000 |
Established Year: | 1989 |
Gross Revenue: | $172,000 |
Rent: | $3,800/Month |
Approx. 2600sft drive through frontage on HWY 74.
Location location, best location on HWY 74. Help run drive-thru restaurant. Completely miss managed. Owner is old and all around nice guy, who is taken advantage of everyone.
Established business since 1989 same owner. Restaurant grosses approximately $172,000 a month. Restaurant should do way much more. You have to find out your self the reason?
It could do much more with a hands on operator. Business hours 6:00am to 9:00pm.
Owner allows employees do do what ever they want.
Please go there couple times and you will notice how mismanaged is the restaurant.
Buyer to verify income. Owner will allow the potential tenant to work in the restaurant up to 30 days with no pay, be able to look the cash register and all invoices.
If the potential buyer is satisfied with the gross the restaurant will go to escrow.
There is no obligation for the potential buyer to buy the restaurant.
We are sure in 30 days the potential buyer will see the restaurant does much more, but the potential buyer will verify the income. If put in escrow it will be noted buyer is satisfied with the gross income.
People go by every day on the HWY 74, going to the lake, or motor racing, or to San Juan Capistrano or anywhere else. The restaurant gets new faces (people) everyday who just stop to cool off or a bite to eat. The restaurant it's a established business since 1989.
In the restaurant it's very well know.
Drive thru does 70% of the business. The restaurant makes about the same gross money for the past three years. Covid19 had no effect on the business as the drive thru stayed open regular hours.
There is no other restaurant like Family Basket. Please stop buy and take a look and you will figure out your self why it can do much more.
The restaurant serves American food and Mexican food. It's a hamburger stand.
Restaurant has 25 years remaining on the lease. Every five (5) years rent goes up
$500 dollars. Property tax it's very cheap around $5,000 a year.
If the landlord sells the building the property tax stays the same doesn't go up.
It's one of the best leases drawn in favor of the tenant.
Only the lease worth the money, you have to read the lease, if you serious Tom will give you one.
Please stop by anytime but please DO NOT TALK TO EMPLOYEES PLEASE.
Any questions call me Tom directly in the restaurant 951-943-5050 only from 7:00am to 11:30am every day. Or call (951) 220-7173. PLEASE DO NOT TALK TO EMPLOYEES.
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