Soul Food: Absentee, 6-Day, Rev $2.46 mil, Netting $488K, Prc $1.2 mil

• A well-established soul food family restaurant with excellent location on the corner of an intersection, centrally located in a wall-to-wall strip mall with ample parking at the front.
• Large sales and high income with a proven track records. Books reported from square, absentee run, turn-key.
• Based on the 2023 tax return, total annual sales, including catering and delivery orders, exceeded $2,462,000, and are continuing to grow steadily this year.
• This seven-year-old soul food restaurant generates strong net income of more than $488,000 per year, but with a selling price of just $1.2 million, it is a highly profitable, high-margin business that could offset the purchase price in less than 2.5 years.
• See below for details
> Gross monthly sales based on 2023 tax return averaged $205,180
> Monthly net income based on 2023 tax return is an average of $40,674
> Premises is approx. 2,800 SF in its size
> A monthly rent of $4,400 including NNN
> 8 yrs remaining on the current lease. An additional option negotiable
> 6-day open with reasonable hours from 9 am to 8 pm. Closed on Mondays
> 9 employees. Help-run. Owner does not do any work works but assists with management as necessary
> Established for 7 years, offering ample parking at front
> SBA loans with 30% down are quite possible for qualified buyers
• NDA is mandatory for 'Address' or 'Walk-by'. Sign and Return NDA form attached herewith
• Financial reports are only available to buyers who demonstrate the aforementioned eligibility criteria, have sufficient purchasing funds, and are committed to presenting the NDA and required documentation.
• For more information, please contact Kevin at (714) 345-6514
• “Note”
> All information contained in this document is solely the result of statements made by the seller.
> Action Realty Task Holdings, 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 through our online ads or through our agents.