Seller's Contact Information
- RE: High Profit Chinese Restaurant
- Contact: Agent On Duty
- License #: 01995716
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $1,050,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $360,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1965 | |
| Employees: | 8 | |
| BBN Listing #: | 984655232 | |
| Broker Reference #: | 5282 WJD |
Business Overview:
Listing # - 5282 WJD
Million dollars in annual sales with more than $350,000 profit! Established Chinese restaurant with beer and wine for more than 50 years! The restaurant was established in 1965, and the current owner has operated since 2004. It is well-known in the neighborhood. Employees and the chef are well trained the new owner can take it over quickly.
The plaza is in the popular West Los Angeles area close to the post office, mall, health center, and business buildings. It was innovated a couple of years ago with a modern look. Having plenty of parking spaces at the back of the plaza is rare in the area. It is the only Chinese restaurant in the plaza, with very low competition for Chinese food around the area. It has a beer and wine license.
The owner is operated for 6 days and selling it for health issues. The new owner can easily increase the sales by opening 7 days and extend the hours as it used to.
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Reason for Selling:
Health Issue.
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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