Cafe & Property: Absentee Run, Hi-Vol $1.02 M, Prc $3.09M, OC

• Café Type Restaurant and Bldg. Property located in the heart of the huge industrial complex in Anaheim, Orange County, where the property value has been relatively stable compared to other region.
• Absentee run. No beer and wine served. Turn-key.
• This stand-alone building at the corner intersection of a cross street, offering over 32 parking spaces and 112 dining room capacity plus an additional 600 SF of covered outdoor patio seating.
• Opened in 1986, a local brunch hot spot with a long history and tradition, serving a light dinner for families dining out as well.
• This popular brunch diner, serving all-day breakfast and light dishes, such as burgers, salads, sandwiches and burritos, has served a dining hub for local office and industrial workers, and neighbors for 37 years at the current location.
• As the seller intends to sell the business separately, the buyer has the option to purchase only the business for a fixed price of $550K.
> After the outbreak of COVID-19, some office workers who used to work remotely are gradually returning to work at offices located in near-by business complexes, and sales are showing a stable and gradual upward trend.
• Sales and Income
> Average gross monthly sales based on P & L for 2023 calindar year are $78,800.
> Average monthly net income based on P & L for 2023 calindar year was $17,400, however, net profit based on SDE (Seller's Discretionary Earnings) is greater than the figures as shown on P & L, having not yet been verified by broker.
• Property Review
> Bldg. Size: approx. 2,790 sq, ft.
> Lot Size: 0.41 ac (approx. 17,864 sq. ft.)
> Reconstructed a closed gas station into the current restaurant in 1986
> Commercial zone.
• Price breakdow: $3.09 million
> Real Estate: $2,540,000
> Business: $550,000
> Buyer's OPTION to only purchase a business - Since the seller is willing to sell the business by itsself, a buyer can purchase only the business.
> In case a business is solely sold, a monthly rent suggested by seller to be $11,500 including NNN, with lease terms of 5+5.
• Business hours: 7 am to 8 pm Mon thru Fri, 7 AM to 3 PM on Sat and closed on Sundays
• Absentee-run. 18 staff with gross monthly wages of $28,680 on average for 2023 calindatr year.
• SBA loans (7a) may be available for a minimum down payment of 30%.
> Note that with 30% down payment, monthly installment will be $20,288 over 25 years at 11% annum, subject to slight variations depending on buyer's qualifications, such as experience or credit ratings.
> Know that your mortgage payment will become a great return for your future wealth when you sell it.
> NDA is mandatory. Use attached NDA.
• “Note”
> All information contained in this document is solely the result of P & L or verbal statements made by the seller.
> Action Realty Task, Inc.'s Brokers and/or its Agents make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided by our ads or agents.