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Asian Restaurant With Beer & Wine License
Location: United States -> California -> Southern California - Los Angeles Area -> Costa Mesa
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

The long-established Asian restaurant is located in a high traffic plaza nearby major freeway. Nearby are prominent institutions such as hospital, a couple elementary and high schools, country club and so on. In the same plaza there are other food businesses, personal services, famous indoor and outdoor café and so on. Nearby there are supermarket and drug store.
The space has both dining in, take out and online order options. It also has beer and wine license. Near 300 reviews on Yelp. Average 4 stars. Customers rave about it for its delicious sauce, healthy food, great services, and decent prices.
Rent: $7,192 + $1,679 (CAM), in total $8,871/month. Base rent has been recently adjusted down to $6,653 for 2022 and $6,853 for 2023.
Financials are based on year 2019 performance. 2020 financials to be provided after 4/15/2021.
The restaurant is not a franchise. The concept can be changed, customized, expanded according to the Buyer's plan.
Photographs are included in the Confidential Information Memorandum crafted by KW Commercial. NDA is required.

Asking Price: $99,000
Cash Flow: $64,835
EBITA: N/A
Gross Revenue: $368,545
Inventory: Included in asking price.
FF&E: $26,800
Real estate: Leased
Building SF: The space is 1,360 square feet
Rent: $7,192 + $1,679 (CAM), in total $8,871/month
Lease expiration: 01/2023
Seller Financing: Yes
Employees: 3 (1 FT, 2 PT)
Established: 1980
Facilities: Traditional style with cute decorations.
Support & Training: 4 weeks at 20 hours per week.
Reason for Selling: Retirement.
Competition: This Business is well differentiated by its cuisine. Competition is limited in the area.
Growth/Expansion: Buyer could be more active on social media, step up marketing for catering services, set up food delivery apps, outreach to nearby communities.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $368,545
Cash Flow:   $64,835
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  N/A.
Seller Financing:  Yes

About The Business

Year Established:  1980
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Retirement.

Photos

View Larger Photo(s) Of Business
Asian Restaurant With Beer & Wine License Photo 1




Print Listing Id: 700361318
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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