November 22, 2009
 
 
Buffet Restaurant  •  $1,390,000

Location: Orange Area
Seller: James Kwon
Phone: 213-327-5400
 
 
About This Business
BizBen Ad #: 128342
Status: Available
Start Date: 10/23/09
Last Revised: 12/31/69
Location: Orange Area
County: Orange
City: Not Provided
Contact Information
Seller or Contact: James Kwon
Primary Phone: 213-327-5400
Alternate Phone: Not Provided
Email: jameskwonrealtor@yahoo.com
 
 
Financial Information
Asking Price: $1,390,000
Down Payment: $1,390,000
Annual Cash Flow: $468,000
Annual Revenue: $3,000,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: No
 
 
Business Summary
Buffet Simple Operation
4 Th Year At The Location
All Mixed Customers From Everywhere.
Approx 7,400 Square Feet

Lease 2 Years Existing Plus 5 + 5 + 5 Years Option
Rent Only 14,400 Including Cam Charge Only 5.7% Of Gross Sales Volume Unbelieably Low Rent
Food Cost Average Of 45% But Not Exceed 48% Including Supplies

No Abc License Because Owner Does Not Want Customers Sitting And Drink Blocking Other
Rotation Customers.
Minimum Of Average 39,000 Net Income Which Is About 15.6% Net Income From Gross Sales
But Easy To Prove Over 40,000 Net Income Per Month
2 Partners But 1 Partner's Other Business Financial Issue Forced Them To Sell

This Is The Opportunity Someone Who Want Big Volume Restaurant Less Headache.