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Businesses For Sale   >>   Banquet Businesses For Sale   

Stylish Asian Restaurant

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1035320
Net Profit / Cash Flow  $100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1981
Number of Employees  10 - 19
Inventory  122000
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks, 20 hours per week.
Reason for Sale  Retirement.

Located in the most scenery and upscale neighborhood in the country, the restaurant has established itself as family-to-go restaurant for the locals for 33 years, with over 95% return customers and high volume of catering business. Sitting in a major shopping complex, the restaurant occupies an independent building of 4875 sqft, and enjoys plenty parking. The restaurant went through a major renovation (cost about $80,000) in 2007, and the designer's touch gives the restaurant a stylish contemporary Asian look, with open floor plan flowing from the beautiful entry, event/banquet area, open sitting to the more private banquettes area, bar and window sitting, the restaurant offers not only quality food also a graceful and relaxed ambiance, an unique dining experience. The majority of staffs have been with the restaurant for more than 10 years, the two chefs started with the owners from 1988. With its great reputation, stable revenue and staff team, the restaurant survives in this neighborhood through the economic downturn of last 5 years, enjoys continuous growth this year: its revenue of immediate last period (7/2013 - 6/2014) reached more than $1 million dollars. The owners keep clean books. This is a great opportunity for restaurant buyers and would be a turn-key operation. The seller and landlord are very motivated, rent is negotiable. Asking Price: $298,000. For more information, please contact Joy Zhao at (626) 818-4933 with Listing ID LA3719.

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