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2550 S Vineyard Avenue, Ontario, CA 91761

Business

2550 S Vineyard Avenue, Ontario, CA 91761 Sold August 2023 CRMLS
$35,000Sold August 2023

Listing Agent: Steven Wong (DRE #01223359) · Listing Office: WPG Realty & Lending Group · Contact: 562-387-6670 · Bought with: NONMEMBER NONMEMBER · NONMEMBER MRML · MLS #PW23080616 · Source: CRMLS

FastFood
Business Type
2001
Established
2
Employees

How this sale compares

2550 S Vineyard Avenue sold for $35,000 in August 2023, 22% under its $45,000 list price, after 86 days on the market.

86
Days on market
−22%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

Description

Great business opportunity and a hidden gem for new owner! This is a sale of a Chinese Fast Food in the City of Ontario. Business ls located in the shopping center with lots of foot and driving traffic and near the exit of 60 freeway. This Chinese Fast Food is known for its delicious food to many locals, passers-by and workers in the area. For more than 20 years in business, owner is getting old and wants to retire. This would be a wonderful opportunity for new owner who wants to make this Chinese Fast Food a very profitable. This place is about 1380 Sqft with full kitchen and tables. Sales price includes all machinery, cook equipment, furniture and fixtures. The current lease is a triple net about $4750 per month ( actual rent about $3800). Buyer(s) can enter the new lease agreement with landlord and negotiate the term and rent when taking over this business.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$35,000
Sold August 2023 · listed $45,000, on market May 2023, 86 days on market · MLS #PW23080616 · Source: CRMLS
Listing Agent: Steven Wong · Listing Office: WPG Realty & Lending Group · Contact: 562-387-6670 · Bought with: NONMEMBER NONMEMBER · NONMEMBER MRML
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