1. Profitable Restaurant & Real Estate: Offered for sale at $4.8 million, this freestanding family casual restaurant includes its ~3,301 sq. ft. building (built 2008) on a ~0.8-acre lot in a high-traffic Indio location.
2. Established & High-Volume: Operating since 2014 with drive-thru, serving a strong mix of residential and business clientele.
3. Absentee-Run Turnkey Business Option: Acquire the fully operational business for $1.3 million with negotiable lease terms ($15,000/month + NNN, 3% annual increase, 5 + 5-year term); inquire for total package.
4. Strong Financial Performance: Seller-represented annual sales exceeding $2.48 million indicate a historically high annual income over $465,000 for this absentee-run operation
For more details, see below.
• Solid Revenue Stream: The annual gross revenue ranges from $1,980,683 (3-year average revenue – 2022-2024, based on Verified P&L, tax returns only) to $2,488,000 (based on SDE, not verifiable by broker), which equates to an annual gross revenue of just over $2.48 million.
• Strong Income Potential: The seller projects a steady $38,800 monthly net income (SDE) after $18,000 in rent/CAM. An owner-operator could potentially realize $56,800 monthly by recapturing the rent/CAM expense. Buyer verification is encouraged to confirm this robust income structure.
• Cost of goods sold is approx. 34.5%.
• Operating Hours: Open 6:00 AM - 11:00 PM daily.
• Staffing (Absentee Run): The business is fully staffed with 16-18 employees and currently operates absentee.
• Ample parking is provided.
• Pricing summary for buyers: $4.8 million
• Total asking price of $4.8 million includes both the business and property.
• Property Valuation: The property is reasonably valued at $3.5 million (subject to fair market value COMPS), yielding an approximate 5.14% cap rate based on the seller's $180,000 NOI from current rent income.
• Business Value: Priced reasonably at $1.3 million, reflecting a net monthly income of $38,800 after deducting the assumed monthly rent/CAM expense of $18,000, representing the potential profit for an absentee owner.
• Business-Only Option: Turnkey business opportunity with the right of first refusal. The business can be purchased at $1.3 million with a lease agreement at $15,000/month plus triple net (NNN) and a 3% annual increase, for a 5 + 5-year term (negotiable).
• Completion of an NDA, buyer's profile, and proof of funds are required prior to disclosure of further information.
• DISCLAIMER
All information contained in this advertisement is based solely on financial statements provided by the seller and/or oral or express statements made by the seller or results from other sources believed to be reliable.
Action Realty Task Holdings, Inc. (ART), its brokers, its agents, or subsidiaries make no representations or warranties as to the accuracy, completeness or validity of such information.
ART, its brokers, its agent, or subsidiaries shall not be held liable for any inaccuracies or omissions in this information, whether factual or not.
Buyers are strongly encouraged to seek independent professional advice from accountants, attorneys, and other business advisors to verify the accuracy of all business and financial information pertaining to this potential purchase.