Details - Information last confirmed on April 23, 2021
The long-established Asian restaurant is located in a high traffic plaza nearby major freeway. Nearby are prominent institutions such as hospital, a couple elementary and high schools, country club and so on. In the same plaza there are other food businesses, personal services, famous indoor and outdoor café and so on. Nearby there are supermarket and drug store.
The space has both dining in, take out and online order options. It also has beer and wine license. Near 300 reviews on Yelp. Average 4 stars. Customers rave about it for its delicious sauce, healthy food, great services, and decent prices.
Rent: $7,192 + $1,679 (CAM), in total $8,871/month. Base rent has been recently adjusted down to $6,653 for 2022 and $6,853 for 2023.
Financials are based on year 2019 performance. 2020 financials to be provided after 4/15/2021.
The restaurant is not a franchise. The concept can be changed, customized, expanded according to the Buyer’s plan.
Photographs are included in the Confidential Information Memorandum crafted by KW Commercial. NDA is required.
Asking Price: $99,000
Cash Flow: $64,835
Gross Revenue: $368,545
Inventory: Included in asking price.
Real estate: Leased
Building SF: The space is 1,360 square feet
Rent: $7,192 + $1,679 (CAM), in total $8,871/month
Lease expiration: 01/2023
Seller Financing: Yes
Employees: 3 (1 FT, 2 PT)
Facilities: Traditional style with cute decorations.
Support & Training: 4 weeks at 20 hours per week.
Reason for Selling: Retirement.
Competition: This Business is well differentiated by its cuisine. Competition is limited in the area.
Growth/Expansion: Buyer could be more active on social media, step up marketing for catering services, set up food delivery apps, outreach to nearby communities.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.