High End Restaurant With Full Liquor
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $950000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 10 - 19
Inventory 158000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide training.
Reason for Sale Relocation.
Description Well established, profitable, up-scale restaurant located across from the Pacific Ocean offers tremendous upside opportunity!!! Established over 20 years ago, the 6,000 square foot facility offers an elegant, high quality look and feel as well as excellent Chinese Fusion cuisine. The area demographics include some of the wealthiest neighborhoods in the USA. The restaurant can seat 175 - 200 guests and offers a full bar (both 47 and 58-catering liquor licenses), live entertainment, and a large dance floor. Parking is more than ample. The huge kitchen is immaculate and is fully equipped. The ten weddings per year are frosting on the cake as far as profitability and could be increased 4 fold. The restaurant is fully licensed for catering, including liquor, but the current owner has not pursued it. A private VIP room seats up to 35 people. Although the restaurant is very profitable, sales have been twice as high with much higher profits in the past. The current, non-Asian, owner has purchased property in another state and has decided to establish a restaurant there. Hence, he has priced it to sell quickly. Don't miss this rare opportunity to build on the existing success at a bargain price. Email or call Roger Civalleri or Jahmena Wright at (310) 539-8300 today for more information on this Restaurant business for sale.
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