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Asian Concept With Strong Demonstrated Sales
Location: United States -> California -> Northern California - Bay Area -> Mountain View
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Asian Concept with Strong Demonstrated Sales; Free-Standing Building on Main Peninsula Thoroughfare

RRC#: 4046
Asking Price: $199,000
Location: Mountain View, California
Annual Revenue: $2,068,346
Annual Cash Flow: Contact for Info
Monthly Rent: $16,087
Expiration: April 2023

Listing Description:
Asian concept situated in a free-standing building for sale. The restaurant is located in Mountain View, on a busy main thoroughfare. The name of the business is not included in the sale, but a new owner would be allowed to use it for up to one year. The recipes for the current menu are included with the sale, and the seller would train the buyer to execute the menu items. However, this space could be well-suited to a range of alternative concepts.

The restaurant has its own dedicated parking lot. A section of the parking lot could be converted into an outdoor seating area. The restaurant can seat up to 138 inside. The d--cor is contemporary, and recently renovated.

At the beginning of the pandemic, the owner pivoted to online delivery and pickup orders, which proved very successful. As such, the restaurant has not re-opened for on-site dining, but continues to do steady delivery and pickup business. Sales over the last three years are as follows:

2019 - $1,558,151
2020 - $2,068,346
2021 - $2,219,829 (annualized based on sales through September of 1,664,872)

The restaurant's kitchen is large, and has the capacity to accommodate on-site diners and delivery/pickup business simultaneously.

The rent is fixed through the remainder of the term, with no increases through 2023. There are two five-year options, and the rent is pre-determined for those option periods --- with no yearly increases.

Average household income in the area is high, and this part of Mountain View is residentially dense. This location presents an excellent opportunity to be situated in an area where people can afford to eat out regularly, and do so.

Ge


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $2,068,346
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other Interests




Print Listing Id: 700367113
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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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