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Riverside County

  • Listing No.: 106-15261

  • Category: Food - Restaurant

Asking Price $199,000
Down Payment $199,000
Gross Revenue $670,688
Total Adjusted Net Income $142,472
Equipment/Fixtures $98,000
Year Established 2015
General Location Riverside County
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image-for-Shawn Ko
Contact Details:

This seafood restaurant has been operating for over 3 years with year to year sales growth.  Located in very busy strip mall with major anchor tenant, they have 4 1/2 Star Yelp reviews and excellent reputation with loyal customer base.  Seller wants to pursue other business interests.  This restaurant is pre-qualified for SBA for a qualified buyer.  It is also eligible for E2 Visa.  All Financials are verifiable!

Gross Revenue $670,688 Listed Price $199,000
Total Income $142,472 Down Payment $199,000
Base Rent $0 Square Feet 3100
Total Rent $8,328 Lease Expiration 8/2022
Rent Deposit $19,000 Lease Options 1, 5 year option
Inventory Not Included Leasehold Improvements $110,000
Equipment/ Fixtures $98,000 Other Assets
Full-Time Employees 1 Training Period 2 weeks
Part-Time Employees 3 Special License Required
Contract Staff 0 Reason for Selling Pursue other business interest

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.