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Nancy DuShane-Bank
FOR SALE
$3,690,000

10819 Main Street
El Monte, CA 91731

Retail
Commercial
5,472
Sq. Ft.
0.1716
Acre Lot
1of
Photos
Map
Courtesy: CARLOS MENDOZA - AMCO REALTY; Phone: 626-222-1608mendozacarlitos@hotmail.com
CRMLS Homeseekers> California> El Monte> 91731
Net profit yearly is just over 800,000.00 on this business, with potential of much more, recover your investment on the business side in 2 years or sooner, current gross sales just over 4,000,000.00 yearly, Seller has an appraisal on the building for 2,100,000.00 that leaves a value for the business of 1,560,000.00 which you could recover that amount in 2 years or less... Real Estate and this extremely profitable business included in sales price, this is a well established business over 28 years, same owner, not even covid-19 had that much of an effect on it, but Seller wants to rest, he is up in age and wants to enjoy life, the business use to gross over 5,000,000.00 and netted about 1,000,000.00 and it always closed early, now after Covid-19 it is only opened from 8am to 4pm and still sells just over 4,0000,000.00 and netting approx. 800,000.00 yearly, one of the Seller is willing to train for a negotiable amount of days, you may have heard of La Barca Restaurants, the registered name is a little different as each restaurant is owned separately with different partners etc, this particular property has been extremely remodeled 2 times since they owned it within 28 years, it has a great functioning kitchen, this one needs someone that wants to make even more money, and open for more hours, the restaurant has a potential of selling 6,000,000.00 yearly just by extending hours of operation, there is a lot of city owned public parking in the back, as well as in front of building, please do not speak to employees. See Agent Remarks please.
IV22058599
Commercial - Retail, 1 Story
1914
Los Angeles
0.1716 Acres
Public
1
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: CARLOS MENDOZA - AMCO REALTY; Phone: 626-222-1608mendozacarlitos@hotmail.com
Licensed in: DRE# 00768433
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