This popular Asian food restaurant in Ventura has been family owned snd operated since 2014. With a loyal customer base and great lease terms, this restaurant specializes in quality Chinese dishes using fresh ingredients. Located on a major traffic thoroughfare, in a busy shopping center with brand-name anchor stores, this establishment with 3,200+ square feet is making money seven days a week. Dine-in as well as a healthy take-out business. Spacious banquet room for special events. ABC license type 47. Equipment includes 24 foot hood, walk-in cooler, walk-in freezer, rice cookers, oven, BBQ system and much more.

General Info

  • OrganizationContact For Info
  • Established2014
  • Current Owner2014
  • Employees4 PT, 2 FT (owners)
  • Reason For SaleOther Interests

Facilities

  • Seating122
  • Square Feet3,280
  • ParkingPublic lot
  • LicensesHealth Department
  • Open HoursMon-Thurs 11 a.m. - 9 p.m., Sat 11:30 a.m. - 9:30P, Sun 12P - 9P

Lease

  • Rent$10,000
  • Expiration2022
  • Yearly IncreaseContact For Info
  • OptionYes
  • DepositContact For Info

Financials

  • Monthly Revenue$36,000
  • Monthly Cash Flow$7,410
  • Annual Revenue$432,000
  • Annual Cash Flow$88,920
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location