Restaurant (Chinese)

Restaurant (Chinese)

Available

$99,000.00

  • 111
  • 1123

Listing Number :

 3998

Status :

Available

Price :

$99000

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Area

3100

Description

This is a 3,100 sq.ft. Chinese Restaurant located in busy part of town close to several anchor stores and eaters. Rent is only $3,525/m including NNN. The place has ABC 41 and welcomes 113 guests in the dinning room. they are open 6 x days a week form 11 am- 9.30 pm. Lease expires 2025 with 1 x 5 years option. There are 4 x Full Time and 2 x Part Time employees with $10,000/m Labor cost. Seller claims his Gross Annual Sales is $360,000 and his net income is about $60,000 a year. # 3998

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 35 years ago
Year Purchased:
Business Type: Restaurant (Chinese)
License(s) Required: Business, Heath, ABC
Hours of Operation: 11.00am-9.30pm/ 6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3998
Date Available: 10/30/2020
Reason For Sale: Retiring
Annual Total Revenue: 360000
Annual Net Income: 60000
Inventory:
Monthly Payroll: 10000
Lease Information
Base Rent: 3525/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN: Included
 
Financing Information
Down Payment: 99000
Owner Will Carry:
Other Finance Terms:

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