Highly Profitable Chinese Buffet
Location California,United States
Asking Price Range < $250K
Gross Revenues $700000
Net Profit / Cash Flow $115000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 6 - 9
Inventory 300000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will provide training for 4 weeks at 20 hours / week.
Reason for Sale Moving out of state.
Description Chinese Buffet Restaurant and Banquet Facility in a Busy Shopping Center in Corona
This very busy restaurant is centrally located on a major boulevard in Corona. Business is booming here.
No other buffet restaurant in a 5 mile radius!! The rent is below market and it has a 9 year lease with three, 5 year options in place with pre-determined low rent. This is fully-
equipped with an over 10,000 square feet facility located in a busy shopping center that seats over 300 people. Brand new A/C, carpets and paint.
Fair market value of the furniture, fixtures and equipments are worth over $300,000.
Seller has other business interests overseas. This business is priced to sell.
For more information, please contact Ved Sajnani at (310) 539-8300.
Click Here To Contact Seller
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