Highly Profitable $1,760 sq ft Asian Restaurant with annual sales of $678,000 and owners profit of $170,000. Husband and wife team with 10 employees, open for Dinner only except weekends and closed on Monday's has a tremendous growth potential for like minded new owners. The Quality Dining room is in excellent condition with 65 seats plus a further 30 on the street side patio. The Kitchen is compact but there is a walk-in Cooler with walk-in Freezer, plus 8 burner stove with oven, broiler and double deep fat fryer, all under a 10 ft Type 1 hood with fire suppression system. New refrigerated worktop and ample stainless steel prep surfaces makes for a very efficient kitchen work space. An ABC type 41 beer and wine license and under market monthly rent at $4,800 monthly with a long lease is all included. Davis is a major university city with 40,000 students attending California UC Davis. This student influx make for a huge up swing for businesses in general within the city and this restaurant takes full advantage of the high student population. Priced reduced to $265,000 with pre-approval for a long term SBA loan, buyer's may only need $75,000 down for a ROI of $170,000 annually. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established1990
  • Current Owner2003
  • Employees10
  • Reason For SaleRetirement

Facilities

  • Seating65 + 30 Patio
  • Square Feet1760
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 41 License
  • Open HoursTues-Thurs 5pm-9pm, Fri 11.30am-10pm Sat & Sun 12pm-10pm

Lease

  • Rent$4,800 inc NNN
  • Expiration2019
  • Yearly Increase3%
  • Option5 yr Option
  • Deposit4599

Financials

  • Monthly Revenue$56,515
  • Monthly Cash Flow$14,234
  • Annual Revenue$678,189
  • Annual Cash Flow$170,813
  • Payroll$$9,858

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.

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