Profile: Oriental Restaurant With Liquor License And High Profit.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$199,000 |
| Down Payment: |
$249,000 |
| Annual Revenue: |
$900,000 |
| Annual Adjusted Net: |
$110,000 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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This Is A Very Well Established Restaurant That Has Been Making 250,000 Per Year For Many Years For The Owners. The Broker Has Profit And Loss Reports And Tax Returns For Many Years. The Amount Of Income Taxes Paid By The Business Owners Would Provide A Nice Living For Many People
The Sellers, Because Of Personal Problems, Has Instructed The Broker To Get Offers That Will Get The Sellers A Quick Closing. They Want All Offers Submitted.
The Buyer Must Be A Strong Financial Buyer With Food Experience. The Business Was In Escrow Earlier This Year At 100,000 More Then The Asking Price Today. The Buyer, Who Still Wants To Buy, Just Could Not Pull The Necessary Funds Together To Please The Landlord. This Business Is The Best Restaurant You Will Run Across This Year. The Profit Above Is Just What Is Shown On The Tax Return
The Seller Does Not Want To Sell The Liquor License With The Business, Only Because That Will Make An Escrow Closing Take 4 Months. They Want A Quick Deal. You Can Negotate To Buy The Licquor License Later.
Contact The Broker For More Complete Information.
This Is The Best Priced Deal The Broker Has Ever Seen. If You Do Not Believe Him. Make An Offer And See The Tax Returns.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Willard Michlin, Broker at 805-529-9854 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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Willard Michlin is a Due Diligence Professional who assists business buyers in the Southern California area performing due diligence on potential business purchases. Mr. Michlin can be reached direct at 805-428-2063 for information and due diligence assignments. |
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