82900 Avenue 42 - Restaurant FOR SALE


Indio, CA 92203
$4,800,000 USD
714-345-6514
82900 Avenue 42, Indio, CA for Sale
$4,800,000 USD
Restaurant - FOR SALE
1/2
null | 12.38% Cap Rate

82900 Avenue 42
Indio, CA 92203


HIGHLIGHTS

  • $2.44M+ Ann. Sales, $594K+ Ann. Income (Seller Rep.)
  • Biz-Only Option: $1.3M, Generating $465K Ann. Income.
  • Currently structured for absentee operation
  • Acquire Turnkey Biz: $1.3M, Negotiable Lease ($15K/mo + NNN, 3% incr., 5+5 yr).

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$1,454 USD /SF

CAP RATE

12.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goody's Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

CROSS STREETS

Jackson St.

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

CC

APN/PARCEL ID

692-220-023

ASK ABOUT THIS PROPERTY

Kevin KimAction Realty Task HoldingsMore Info
714-345-6514

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Kevin KimAction Realty Task HoldingsMore Info
714-345-6514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.