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75 E. Hanford Armona Road

Lemoore, CA 93245
  • $725,000
  • STATUS: Active
  • ON SITE: 78 Days
  • ID#: SR22241673
UPDATED: 33 min ago
$725,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): Robert Mitelhaus of Robert Mitelhaus (661-373-7443)


Description

Fosters Freeze business is for sale. List price is $725,000. Business has been open for 30 years. Current owner has remodeled the store and installed new equipment at the cost of over $375,000 over the past 2 years. The business is netting over $225,000 per year. The business is selling for less than a 3X multiple of annual Net Profit.SBA loan requires only 10% down. Lease of site is secured with a 20 year lease with 3 ten year options. Real estate is available for sale at a 6% CAP rate if buyer of business wishes to own the real estate as well.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-01T10:25:15.537. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/134783496
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75 E. Hanford Armona Road Lemoore, CA 93245

  • Price: $725,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 33 min ago
  • ID#: SR22241673
0
Beds
0
Baths
0
½ Baths
N/A
Acres
County:
Kings
Property Description
Fosters Freeze business is for sale. List price is $725,000. Business has been open for 30 years. Current owner has remodeled the store and installed new equipment at the cost of over $375,000 over the past 2 years. The business is netting over $225,000 per year. The business is selling for less than a 3X multiple of annual Net Profit.SBA loan requires only 10% down. Lease of site is secured with a 20 year lease with 3 ten year options. Real estate is available for sale at a 6% CAP rate if buyer of business wishes to own the real estate as well.
Property Features

Additional Parcels YN No Business Type Restaurant Listing Agreement Exclusive Right To Sell Total Actual Rent 10000



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-01T10:25:15.537. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Robert Mitelhaus of Robert Mitelhaus (661-373-7443)