Chinese Restaurant, Beer & Wine on Prime Ventura Blvd, Very Low Rent

Asking Price$245,000

Cash Flow
$170,000

EBITDA$170,000

Gross Revenue$1,000,000

Inventory$15,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Chinese Restaurant, Beer & Wine on Prime Ventura Blvd, Very Low Rent


Asking Price$245,000

Cash Flow
$170,000

EBITDA$170,000

Gross Revenue$1,000,000

Inventory$15,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
BUSINESS TYPE: Full Service Chinese Restaurant with Beer & Wine
LICENSES: License type 41 - onsale - Beer & Wine
BUILDING & PARKING: Strip Center, Ample Parking
SEATING CAPACITY: Approx 100 more or less
DAYS OPEN & HOURS: 7 Days 11:00am to 9:30pm
STORE SIZE: Approx 3,800 SQ. FT. Monthly Gross Rent @ approx. $10,000 less than $3.00 per Sqft
HOW LONG EST: Since 2020
NO. OF EMPLOYEE: 6 Full-times and 4 part-times
OWNER'S WORKING HOURS: Owner works 5 days a week Open to Close
LEASE, Approx.: Contact Broker
Approx, Represented by Seller as per Listing Agreement
figure is based on monthly average
Approx Total, Gross Sales , before sales tax $82,000.00
Allocation of Sales
Dine-In $57,400.00
Deliveries $24,600.00
Total Gross Sales: $82,000.00

Cost $22,960.00
Gross Profit $59,040.00
Expenses, Approx "Monthly Average" Total Expenses: $44,967.00
Net Income "including Owner' Salary" $14,073.00
Approx, Net income before Debt Service $14,073.00

REMARK: Great laid out beautifully decorated restaurant
REMARK: Great net income and Fantastic opportunity for full-time Owner operator or Owner Chef Operator
REMARK: Situated on Prime Ventura Blvd with plenty for parking
REMARK: Fully Equipped, spacious Kitchen with walk-in Cooler & Freezer

Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller,
employee or business neighbor, For more information please contact the Broker herein-with, and
Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
About the Business
Years in Operation
5
Employees
10
Facilities & Assets
3,800 SQ. FT. Monthly Gross Rent @ approx. $10,000 less than $3.00 per Sqft
About the Sale
Transition Support
2 WEEKS AFTER CLOSE OF ESCROW
Listing Info
ID
2382577
Listing Views
207

Contact Seller

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Business Listed by: Remy Chen Ivy Realty Co.

Listing ID: 2382577 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.