After 28 years, the owners of this highly successful Asian Restaurant  are ready to retire and pass on years of goodwill to a well-qualified operator. This is your chance to capitalize on this great opportunity while it  lasts. Lock in a great deal now. The successful business is pre-qualified for an SBA long-term (10year) loan with just 10% down.    Therefore, an experienced operator with strong financials would be able to purchase this business investment with the SBA guarantee of 10 percent of the purchase. The Investment would also be able to pay the debt service on the loan and still have plenty of cash left over for the new owner. This investment will pay for itself and provide a great income for your family.   The restaurant Includes approximately 3,600 plus sq ft fully equipped restaurant and a huge parking lot. The attractive dining room creates a friendly atmosphere seating approximately 147 with large booths, tables, several banquet rooms and two ADA compliant bathrooms. An enjoyable dining room gives the restaurant a warm cozy feeling.   The sale also includes all fixtures and equipment sufficient to operate a high volume restaurant some of which are, several cold tables, 3 POS workstations w/ printers, three compartment sinks, water heater, Ice machine, walk-in cooler, walk-in refrigerator, 2 freezers, security cameras, monitor for cameras, PA system, grill, 2 fryers, 24 foot Type 1 hood with Ansul fire suppression system, big TV screens and much much more. Included in this deal are the leasehold improvements, fixtures and equipment, licenses, name, menu, concept, and goodwill are all included as part of the sale. - [ ] SBA Pre- Approved at just 10 percent down ( leverage your money ) - [ ] Long term (10 years) SBA loan Locked in now  - [ ] Hard Liquor can be included - [ ] 28 year well established successful business ( don't reinvent the wheel ) - [ ] Turnkey OPERATION - [ ] The Investment that pays for itself over and over - [ ] Great family fun business   - [ ] Financial information such as tax returns, balance sheets, P & L, bank statements, POS reports, or merchant statements are only available to committed buyers who have signed an NDA , have proven purchase funds, and good credit.  Complete the Non Disclosure Agreement on our website and we'll send you the full financial information and list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity as well the  broker's connections for a long term SBA loan solution. No Co-Broker #jimsellsrestaurants

General Info

  • Organization Sole Proprietorship
  • Established1996
  • Current Owner1996
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating147
  • Square Feet3,600
  • ParkingAmple
  • LicensesHealth, business , abc 47 license
  • Open Hours6 days 12-9

Lease

  • Rent$8,720 base rent
  • Expiration2025
  • Yearly Increase2.5%
  • OptionYes
  • Deposit$4,500

Financials

  • Monthly Revenue$69,750
  • Monthly Cash Flow$13,541
  • Annual Revenue$837,000
  • Annual Cash Flow$162,500
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • 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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