Profile: Chinese Buffet Recession Proof Even Better Sales In Yr 2009.
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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: |
10/10/09 |
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| BizBen Ad #: |
148384 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$419,000 |
| Down Payment: |
$419,000 |
| Annual Revenue: |
$1,584,000 |
| Annual Adjusted Net: |
$216,000 |
| Price Range: |
$250,001 to $500,000 |
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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 As Buffet Restaurant 14 Years
Surroundind Areas Other Buffet Restaurant Almost Went
Out Of Business During This Serious Recession Period
But This Buffet Restaurant Even Makes Better Sales Volume
In Year 2009
Average Sales Volume Per Month 132,000
Net Income Average Per Month More Than 18,000
Asking Price Is Less Than 2 Years Return
Really Price To Sell
Seller's Retirement Forced To Sell
Size Of Restaurant About 10,000 Square Feet
Lease Remaining 3 Years Plus 5 Years Option But
May Be Possible To Negotiate For Longer Terms
Rent Was 21,000 Plus Cam Charge 4,900 Total Of
26,000
But Currently Seller Paying For 21,000 Now
Depends On Buyer's Qualification And Financial Strength
Possibly Can Make Negotiation With Management Company/ We Will See
Located Near By City Of Huntington Beach,
Close By 405 Freeway And 22 Freeway
May Be Possible To Have 30% Of Purchasing Price
Seller Finance For Qualified Buyer
Because Of Not Many Banks Make Small Business Loan Nowdays
Even No Matter What Bank Comes Up SBA Up To 80%
But Reality Wise Actual Funding Is Not Easy At All
Seller Motivated, I Might Consider, If Buyer Serious,
Buyer May Get 50% Of Purchasinng Price Owner Finance.
Several Key Companies Catering Order Is Getting Bigger And More Often
Because Of Competetion Buffet Restaurants Were Out Of Business
Sometimes 300 To 400 People Orders Without Any Particular Advertisement
Come And Get
Seller Noticed How Hard To Get Bank Loan From Buyer Side
Let's Make A Deal
For More Detail Information
Call Me At (213) 327-5400
Or Email Me At
Jameskwonrealtor@yahoo.Com
Or From This Website
Click Into " Confidentiality Menu "
Complete N.D.A. Paper Works Then Fax Or Email Me.
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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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