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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Downtown La / Chinatown Full Service Restaurant

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $360000
Net Profit / Cash Flow  $48000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2009
Number of Employees  1 - 3
Inventory  15000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Retiring

This downtown Los Angeles restaurant is the perfect opportunity for a new owner looking for a turn-key, easy to run business in a prime, established location in the thriving Chinatown district. This restaurant contains a full kitchen, walk-in cooler, two restrooms, dining area and parking. The location offers easy access to other downtown districts as well as the nearby metro station. Asking Price $49,000. This 1,500 square foot restaurant leases for $4,774 per month on a lease expiring in December 2014 with 1 - 5 year option. All of the businesses furniture, fixtures and equipment will be included in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to the asking price. Competition is at a medium as other restaurants of this type exist in the area, but this business boasts prime visibility, excellent metro access and offers free parking. There are numerous ways in which a new owner could grow this business. As the current owner does not maintain a website, engage in social media, or have any advertising in place, a new owner could greatly benefit from implementing those practices. They may also seek to expand hours while incorporating delivery and catering options to boost sales.

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