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 décor 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.
- Current OwnerContact for Info
- EmployeesContact for Info
- Reason For SaleOther Interests
- Square Feet4,252 / .75 Acre Lot
- ParkingDedicated Parking Lot
- LicensesBeer and Wine, Health and Business
- Open Hours10:30am - 2pm & 4:30pm - 8:30pm Daily
- ExpirationApril 2023
- Yearly IncreaseFixed Increase Initial Term and Option
- Option2 Five Year Options
- Monthly RevenueContact for Info
- Monthly Cash FlowContact for Info
- Annual Revenue$2,068,346
- Annual Cash FlowContact for Info
- Payroll$Contact for Info
- 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.