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

2500 Sqft Asian Restaurant

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $600000
Net Profit / Cash Flow  $54000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2005
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

Description  
2500 Sq Ft Asian Restaurant - Corner Location, Nicely Appointed - Annualized Sales, $600k Per Year RRC#: 2112 Asking Price: $165,000 Location: Sacramento Metro Area, Sacramento County, California Yearly Revenue: $600,000 Yearly Cash Flow: $54,000 Monthly Rent: $6,897 A really first class condition, profitable Asian Restaurant located in upscale Folsom, close by Sacramento in Sacramento County. Just over 2500 sq ft of dining room, kitchen, servery, private dining room and outdoor patio. Modern Kitchen includes a 20ft type 1 hood with fire suppressant system, double ovens, 6 burner stove with oven, fryers, 3 station Chinese Wok Range, 3 free standing fridges and freezers, 8' x 6' walk in, 3 door work top reach-in, 3 Salt Water fresh Fish Tanks, 400lb ice machine and servers double door upright fridge. The Dining room includes seating for 80 in the main dining room and a private dining room seating 25. A two station POS system and beautiful art and artifacts are all included with the sale. There's even outdoor patio dining, seating a further 20 guests. Great main road location in an extremely busy part of town. Seller has family issues and can no longer operate this restaurant successfully. This business would suit an experienced operator or family wishing to own their first restaurant. $165,000 buys you a full fitted, profitable restaurant business in the heart of a busy location. GENERAL INFORMATION: Organization: LLC | Year Established: 1998 | Current Owner: 2013 | Employees: 10 | Seating: 80 | Square Footage: 2523 | Parking: 40+ | Licenses Required: Health, Business and ABC Type 41 | Days Open/Hours: 11.00am - 9.30pm Daily | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $600,000 | Yearly Cash Flow: $54,000 | Inventory: $10000 | Payroll: $10430 | LEASE INFORMATION: Monthly Rent: $6,897 | Lease Expiration: 03/15/18 | Lease Option: 5 year Option | Security Deposit: 7376


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