Asian Restaurant With Beer & Wine License

www.GlobalBX.com

Listing ID: 700361318

Listing Title: Asian Restaurant With Beer & Wine License

Quick Link: http://www.globalbx.com/listing.asp?bId=361318

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Costa Mesa

Asking Price Range: < $250K

Gross Revenues: $368,545

Cash Flow: $64,835

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1980

Number of Employees: 4 - 5

Business Description:
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.



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