Profile: Chinese Seafood 100% Manager Run Non Chinese Owner.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
James Kwon, Broker
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| Primary Phone: |
213-327-5400 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
01382901 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/30/09 |
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| Date Last Revised: |
9/30/09 |
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| BizBen Ad #: |
148134 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$539,000 |
| Down Payment: |
$539,000 |
| Annual Revenue: |
$2,000,000 |
| Annual Adjusted Net: |
$256,000 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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Business At The Location Over 10 Years And Current Owner Runs 5years
Vey Very Well Known Famous Restaurant In The Area
Near By Ucla, Beverly Hills, 10 Freeway And 405 Freeway Area West Los Angeles
Over 2 Million Dollars Sales Revenue For Last 2 Years And Currently Makes Even Better
Credit Card Sales Itself Throughout The Year Close To 1.7 Million
Yes About 1.7 Million Dollars Credit Card Sales Itself
Easy To Verify Sales Volume And Expenses
12 To 13 % Net Income From Sales Volume But A Lof Of Room To Save
If You As Buyer Who Has Restaurant Business Experience
How Reasonable And Accurate Percentage From Gross Sales Volume And Net Income
But Seller Run Like This Easy Going
Over 35 Employees With 2 Manager And Manager Assistant Controls A To Z
Owner Does In And Out For Check Signing
Monthly Average Sales Volume Is About 166,600
Rent Only 13,000 Including Cam Charge
Only 7.8% Rent From Gross Sales Volume Wow, Super, Not Even 8%
Lease 5 Years Remaining Plus 5 Years Option Years
Approx 4,500 Square Feet Size 2.88 Per Square Feet Including Nnn
It Is Impossible To Find Less Than 3.00 Per Square Feet Rent Including Nnn In
West Los Angeles Area As You Knew.
Non Chinese Asian Owner Because All Manger And Employees Run
Reason For Selling Is Owner Need To Go Back His Home Country Because Of
Their Family Business Expansion In Their Home Country
Asking Price Only 539,000 Is About 2 Years Return
On Sale Beer And Wine License Included
Super Location / Well Known Very Very Famous Restaurant / Over 2 Million Sales Per Year
Non Chinese Owner / Absentee Owner/ 2 Managers And Employees Run
If Buyer Has Good Fico Score And Restaurant Experience,
It Is Possible To Get 200,000 Business Loan From Bank
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
James Kwon, Broker at 213-327-5400 Non Disclosure Agreement |
Business For Sale Photos
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