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Listing View: High Volume Asian Restaurant - Placer County, California


High Volume Asian Restaurant
Placer County, California

Offered at:
$295,000

Office Listing #   SA3600
Revenue: 1.7 M
Cash Flow: 110K
Lease Rent: $11,533 / month
Square Feet: 5126

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 Listing Description

Here is a rare opportunity to get in the well known buffet restaurant in prime location in the Sacramento metro area. This business has become for sale after a short periods of ownership so that the owner needs to focus on the newly found larger scale opportunity not to be missed out. The original build out costs were millions dollars, and equipment and tenant improvements have been consistently d and well maintained. Over 5,000 square feet of spacious premises can accommodate large groups of customers at the same time. During the past 3 months, business has generated over $430,000+ in sales and is profitable (Annualized Sales $1.6 mln & Net $110K). This is a steal and won’t last at an incredible price of $295,000 to get on in the cash cow machine even with the greater growth potential. There is no better location strategically sited like this where is well mixed with lots of modern office complexes, amusement park, bicycle Trail Park, major medical centers, fine shopping centers, theaters, schools, colleges as well as surrounded by upscale residential neighborhood and easy access from freeways. Buyer must be qualified by submitting resume, financial statement and NDA prior to disclose further details and for viewing. Even seller financing may be available to qualified buyer with substantial down payments. Please contact Sam Choi at 918-533-3633 for more information.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   2006
Current Owner:   2011
# of Employees:   15 full time, 4 part time
Square Foot/Size:   5126
Parking:   Ample
License(s) Required:   Business, 41-ABC, Health, Seller''s Permit
Days Open/Hours:   11 am to 9 pm
Reason For Sale:   Other Opportunity
     
Financial Information
Revenue:   1.7 M
Cash Flow:   110K
Payroll:   $28,000 / month
Current  Inventory:   $15000
FF&E:   $400000
     
Lease Information
Lease Rent:   $11,533 / month
Lease Expiration:   3/2016
Yearly Adjustment:   yes
Lease Option:   2-5 years
Security Deposit:   13328
     
Financing Information
Down Payment:   200000
Listed by:   Elaine Nolan
 Business Team
Email: Email Seller
Phone:  (408)385-0412
Fax:  (408) 246-2219
Website:  www.business-team.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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