Profile: Locals Favorite Chinese Restaurant In Goleta.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Sharon Hills, Agent
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| Primary Phone: |
805-899-2919 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/1/08 |
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| Date Last Revised: |
10/10/08 |
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| BizBen Ad #: |
132232 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$249,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$600,000 |
| Annual Adjusted Net: |
$122,000 |
| 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: |
Call |
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Description:
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Price: 249K + Inventory
Gross: 600,000
Cash Flow: 122,000
Inventory: 5,000
Ff&e: 50,000
Business Summary
Chinese Restaurant In Bustling Shopping Center
• Established Since 1980!
• Ideal For Any Concept
• 130 Occupancy
• Huge, Fully Equipped Kitchen
• Beer &wine License
• Very Popular With Ucsb Students And Locals (Especially The Buffet!)
• 50K In Furniture, Fixtures, And Equipment – New Freezer, Water Softener, Ice Machine, And Fire Suppression System
• Healthy Net Profit To Owner/Operator With Room For Growth
• Turn Key And Ready For Take Over.
General Information
Owned Since: 2005
Employees: 2 Full Time And 4/5 Part Time
Facilities:
• 2,700 Square Feet @ Only 2.15 Per Square Foot –7,394 Includes Cams, Water And Trash. (Low End Of Market Rent)
• Sidewalk Dining Is Permitted.
• Restaurant Is In Excellent Condition.
• Located In Large Shopping Center, With Plenty Of Parking.
• Retail/Restaurant Intense Area.
Market Outlook
Easy Expansion Possibilities: Adding Seafood To The Buffet. Do “Door Hangers” For Advertising Regularly. They Work Well!
About The Sale
Financing: Owner Would Prefer An All-Cash Transaction But Open To Review All Offers. .
Support/Training: Seller Will Provide Training.
Reason Selling: Partnership Splitting Up.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Sharon Hills, Agent at 805-899-2919 Non Disclosure Agreement |
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