Condominium buy in El Monte California

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. MLS® ID: IV22058599 Listed: 3/22/22 Updated: 10/17/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Exterior/Building Features Lot Size: 7,473 ft2 lot Lot Details: 0-1 Unit/Acre Other Property Details Area Name: 619 - El Monte Garage: No Parking: N View: N County: Los Angeles Water Source: Public Pool: No Total Stories: 1 Courtesy of AMCO REALTY, CARLOS MENDOZA, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.