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VR Business Brokers - Artesia, CA
17100 Pioneer Blvd.,
Suite 195
Artesia, CA 90701
(562) 402-2686 x 18
www.bizbizbiz.com
donovanvrbb@gmail.com
 

VR Business Brokers - Artesia, CA

17100 Pioneer Blvd.,
Suite 195
Artesia, CA 90701
(562) 402-2686 x 18
www.bizbizbiz.com
donovanvrbb@gmail.com

Business Listing Details

LISTING#:
01984964DKA

C0000: Restaurants
Pho Restaurant & Ice Cream Shop - 2 Businesses!
LOCATION: Riverside County, City of Wildomar
  
ASKING
PRICE

$184,000
AMOUNT
DOWN

$184,000
REVENUES:
  
$182,895
DISCRETIONARY
EARNINGS

$74,310
TOTAL
ASSETS

2 Businesses being offered for purchase!

   - Store 1:  Thriving Vietnamese Pho Restaurant (Covid 19 Limited Business Hours / Days)
   - Store 2:  Ice Cream Shop (Currently Closed)

Although the current owner is "NOT" operating the businesses at their full capacities (7 hr/day & 4 days/wk), the restaurant generated net income over $8,000 / month  in 2020. Since their inception in March, 2019, the business has gained plenty of loyal customer base in the neighborhood. As one of a few asian restaurants in the whole city, its popularity seems to grow even stronger in current environment. 

2019 Financial only reflects 10 months income as the business started its operation in March. The monthly net income for last year, hence, was over $7,000 / month

The Ice Cream shop is currently closed. Although the 2 businesses have their own doors, signage and address, they share common kitchen. The kitchen has large storage areas along with a full kitchen. While the ice cream shop was in operation, the owner utilized same employees for the ice cream shop and the restaurant. A trendy ice cream concepts, like shaved ice cream, etc., should do very well in the area. 

The current owner is nimble, entrepreneurial and savvy enough to consider flexible financing options. This can be a great opportunity for a buyer with big dreams/plans to purchase a growing business with a minimum down payment! 

Ask and see if you qualify!
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.

Contact:  Donovan Kang
Phone:  (562) 402-2686 x 18
Cell:  (818) 266-4842
E-Mail:  donovanvrbb@gmail.com
VR Business Brokers - Artesia, CA
17100 Pioneer Blvd.,
Suite 195
Artesia, CA 90701
www.bizbizbiz.com
Listing Number:  01984964DKA
 


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