This South Corona quick service eatery with a versatile build-out boasts a spacious patio in a popular high traffic shopping center in a prime location. The recently built-out venue is poised to be adapted to any number of new concepts. The facility has a spacious walk-in cooler and a convection over, as well as a full open kitchen with a large hood.
- Asking Price:
- $35,000
- Sales Revenue:
- $12,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$9,598 per annum
- Premises Details:
-
This 1,600 square foot location leases for $6,933 per month plus $2,665 in common area maintenance (CAM) expenses on a lease until 2/2033 with two 5 year options. All of the business’s furniture, fixtures and equipment will be included in the sale. The location is part of a larger brand, so any branded items or décor cannot be included.
- Size in square feet:
- 1600 + Patio
Business Operation
- Expansion Potential:
-
New operators will wish to capitalize on this high visibility, high traffic location that boasts several major anchor tenants. Due to the venue’s flexible build-out and spacious patio, new management may choose to launch any number of landlord-approved concepts in the corner space. Due to non-compete agreements, fried chicken, sushi, ramen, pastries, acai and coffee are not anticipated to be approved.
- Competition / Market:
-
The quick service venue is in a high traffic location in a busy shopping center off of the I-15 freeway. As the shopping center has 2 major retail complexes adjacent to it, competition exists. Fortunately, such competition helps to ensure a steady flow of business for those operators whose concepts can attract patrons.
- Reasons for selling:
-
Personal
- Years established:
- 2023
