Asian Buffet - Employees Stay - Seller Not Chinese

Not Disclosed, CA
San Bernardino County


Asking Price: Annual Revenue:
$199,000 $780,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Asian Buffet - Employees Stay - Seller Not Chinese Broker: Agent on Duty
License #: 01995716

Quick Facts

Asking Price: $199,000
Annual Revenue: $780,000
Net Profit: Not Disclosed
Cash Flow: $135,000
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 8
BBN Listing #: 411155232
Broker Reference #: 4885 DK

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Business Overview:

Located in a very busy shopping center in San Bernardino, this free standing Asian Buffet restaurant offers a vast assortment of Asian food, including Chinese, Mongolian grill specials and a complete Japanese sushi bar.

The restaurant offers take-out or food delivery services, as well as dine in options.

Recent rennonvations and upgrades include -
- Exterior and Interior Paint on entire building.
- Fixed entire parking lot and rear excess road.
- Installed all Exterior LED lightings.
- Installed 4 TVs & a music system
- Installed 16 CCTV cameras.
- Replaced all old tables in dining area and repaired all booths.
- Replaced all old lighting with LED lightings

The Shopping center also hosts national tenants such as Starbucks, Jack-In-The-Box, McDonald's and others.

The restautrant is a semi-absentee owner operation with help run - 6 full time & 2 part time employees.

Expenses (approximately) are - COG 28%, Payroll- $17,000/month, Electric - $3,500/month, Gas-$700/month, Water-$650/month, Phone - $100/month, Insurance - $500/month, Alarm-$135/month.

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Reason for Selling:

Other Businesses.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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