This Iconic North State buffet-style Mongolian BBQ and Sushi restaurant is for sale. The restaurant is located in Redding, CA, one of the most successful hospitality and dining regions in the state. Redding is located along I-5 in northern California and is the regional center of a 5-county territory for retail, dining, hotels, government, and medical services. Every national-brand restaurant in Redding ranks among the nation's most productive, a testament to its strategic position 175 miles north of Sacramento, halfway to the Oregon border. The restaurant is located in the greater Mt. Shasta mall neighborhood with nearly 2,000,000 SF of the retail, restaurant, and shopping. The 14-screen Cinemark Theater is close by and numerous hotels are nearby. Basic specifications include: • Free-standing 6,600 SF building in a more significant shopping center with ample parking. • Large Type1 extraction hood with fire suppression system. • ABC Type 47 Full Liquor License. • 252 seating capacity. • New HVAC system. • Large, nicely appointed bar. • Favorable lease terms will help support an extended and profitable business enterprise with 8 years remaining with 2 lease options of 5 years each. The restaurant has been recently remodeled which includes a banquet/meeting room and a full bar with a spectacular mirrored backdrop. The seating capacity is 252, which includes seating in the bar area. Equipment included but not limited to 2 extraction hoods, two 48" round Mongolian Culinary Grills ( $10,000 ) each, Double door stainless freezer, single stainless freeze, 2 fryers, single door Pepsi refrigerator, two 7ft cold buffets w/Sneeze guards, 2 hand sinks, 1 triple sink, 1 double sink,1 Hobart R2 mixer, 400lb Koolaire water cooled Ice machine and a Manitowoc 700lb water cooled Ice machine, 1 universal meat slicer, 2 Hobart slicers, 2 large NSF prep tables, 2 large can racks, 3 rolling push cars, 1 time clock, 1 counter can opener, 1 large noodle pot, 1 large noodle strainer, 2 rice makers, 1 single counter griddle, 1 single pot gas burner, 3 door refrigerator, 1 door stainless freezer, large stainless table holding rice pots, Spice rack, 6 Sauce racks, Walk-in approx 18' x 7', 12 Green racks, 7 wire racks, various size cutting board, employee lockers, outdoor freezer 12 x 6 approx. A long-term lease is in place and an accommodating landlord will assist in a smooth transition. This opportunity is virtually turn-key. Complete the 'Non Disclosure Agreement' on our website and we'll send you the Lease, full financial information & a 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 and arrange a behind the scenes tour.

General Info

  • OrganizationSole Proprietorship
  • Established2014
  • Current Owner2014
  • Employees28
  • Reason For SaleOther Interests

Facilities

  • Seating252
  • Square Feet6,600
  • Parking100+
  • LicensesBusiness , Health, ABC Type 47 License
  • Open Hours6 days - T-S 4-9 Sun 12-9

Lease

  • Rent$5,000 or 7 % which ever is Greater
  • Expiration2033
  • Yearly IncreaseN/A
  • OptionYes
  • Deposit$5,000

Financials

  • Monthly Revenue$100,000
  • Monthly Cash FlowContact for Info
  • Annual Revenue$1,200,000
  • Annual Cash FlowContact For Info
  • PayrollContact for Info

Financing

  • Down PaymentNeg
  • Note BalanceContact 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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