Million + Sales | Fantastic Lease

Not Disclosed, CA
Shasta County

Asking Price: Annual Revenue:
$495,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Million + Sales | Fantastic Lease Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $495,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 28
BBN Listing #: 732311533
Broker Reference #: 4266

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Business Overview:

Million + Sales | Fantastic Lease | Hard Liquor License

RRC#: 4266
Asking Price: $495,000
Location: 1800 Churn Creek Road, Redding CA 96002
Annual Revenue: $1,200,000
Annual Cash Flow: Contact for Info
Monthly Rent: $5,000 or 7 % which ever is Greater
Expiration: 2033

Listing Description:
This Iconic North State buffet-style Mongolian BBQ and Sushi restaurant is for sale. The restaurant is located in Redding, CA, one of the most successful hospitality and dining regions in the state. Redding is located along I-5 in northern California and is the regional center of a 5-county territory for retail, dining, hotels, government, and medical services. Every national-brand restaurant in Redding ranks among the nation's most productive, a testament to its strategic position 175 miles north of Sacramento, halfway to the Oregon border. The restaurant is located in the greater Mt. Shasta mall neighborhood with nearly 2,000,000 SF of the retail, restaurant, and shopping. The 14-screen Cinemark Theater is close by and numerous hotels are nearby.

Basic specifications include:
• Free-standing 6,600 Square Feet building in a more significant shopping center with ample parking.
• Large Type1 extraction hood with fire suppression system.
• ABC Type 47 Full Liquor License.
• 252 seating capacity.
• New HVAC system.
• Large, nicely appointed bar.
• Favorable lease terms will help support an extended and profitable business enterprise with 8 years remaining with 2 lease options of 5 years each.

The restaurant has been recently remodeled which includes a banquet/meeting room and a full bar with a spectacular mirrored backdrop. The seating capacity is 252, which includes seating in the bar area. Equipment included but not limited to 2 extraction hoods, two 48" round Mongolian Culinary Grills ( $10,000 ) each, Double door stainless freezer, single stainless freeze, 2 fryers, single door Pepsi refrigerator, two 7ft cold buffets w/Sneeze guards, 2 hand sinks, 1 triple sink, 1 double sink,1 Hobart R2 mixer, 400lb Koolaire water cooled Ice machine and a Manitowoc 700lb water cooled Ice machine, 1 universal meat slicer, 2 Hobart slicers, 2 large NSF prep tables, 2 large can racks, 3 rolling push cars, 1 time clock, 1 counter can opener, 1 large noodle pot, 1 large noodle strainer, 2 rice makers, 1 single counter griddle, 1 single pot gas burner, 3 door refrigerator, 1 door stainless freezer, large stainless table holding rice pots, Spice rack, 6 Sauce racks, Walk-in approx 18' x 7', 12 Green racks, 7 wire racks, various size cutting board, employee lockers, outdoor freezer 12 x 6 approx. A long-term lease is in place and an accommodating landlord will assist in a smooth transition.

This opportunity is virtually turn-key. Complete the 'Non Disclosure Agreement' on our website and we'll send you the Lease, full financial information & a list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail and arrange a behind the scenes tour.

General Information:
Organization: Sole Proprietorship
Year Established: 2014
Employees: 28
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $100,000
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,200,000
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info

Square Feet: 6,600
Seating: 252
Parking: 100+
Days/Hours of Operation: 6 days - t-s 4-9 sun 12-9

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 6,600; Seating: 252; Parking: 100+

Reason for Selling:

Other Interests.

Additional Details:

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

Relevant Links:

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