Profitable Asian Restaurant $837K Plus Sales
Not Disclosed, CA San Joaquin County
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- RE: Profitable Asian Restaurant $837K Plus Sales
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $259,000 | |
| Annual Revenue: | $837,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $162,500 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 946235 | |
| Broker Reference #: | 4772 |
Business Overview:
Profitable Asian Restaurant | $837,000 Plus Sales | Hard Liquor License | SBA Pre Approved just 10 percent Down RRC# 4772 Location: San Joaquin County Description: After 28 years, the owners of this highly successful Asian Restaurant are ready to retire and pass on years of goodwill to a well-qualified operator. This is your chance to capitalize on this great opportunity while it lasts. Lock in a great deal now. The successful business is pre-qualified for an SBA long-term (10year) loan with just 10% down. Therefore, an experienced operator with strong financials would be able to purchase this business investment with the SBA guarantee of 10 percent of the purchase. The Investment would also be able to pay the debt service on the loan and still have plenty of cash left over for the new owner. This investment will pay for itself and provide a great income for your family. The restaurant Includes approximately 3,600 plus square feet fully equipped restaurant and a huge parking lot. The attractive dining room creates a friendly atmosphere seating approximately 147 with large booths, tables, several banquet rooms and two ADA compliant bathrooms. An enjoyable dining room gives the restaurant a warm cozy
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Property Features and Assets:
Facilities:
Square Feet: 3,600
Seating: 147
Parking: Ample
Licenses: Health, business , abc 47 license
Days/Hours of Operation: 6 days 12-9
Market Competition and Expansion:
General Info:
Ownership: Sole Proprietorship
Established: 1996
Employees: Contact For Info
Reason For Sale: Retirement
Monthly Rent: $8,720 base rent
Expiration: 2025
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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