November 21, 2009
 
 
Chinese Restaurant  •  $575,000

Location: Orange County
Seller: James Kwon
Phone: 213-327-5400
 
 
About This Business
BizBen Ad #: 144414
Status: Available
Start Date: 10/3/09
Last Revised: 12/31/69
Location: Orange County
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: $575,000
Down Payment: $575,000
Annual Cash Flow: $185,000
Annual Revenue: $1,100,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: No
 
 
Business Summary
Location! Location! Location!
11 Years Of History Chinese Restaurant At One Of The Best Shopping Mall In Orange County
Super Prime Location, Recession Proof Sales Revenue And Steady Incomes
Even This Serious Recession Does Not Make Any Differences For This Business
Seller Is Very Confident With Books And Records,

11 Years Well Established/ Best Prime Location/ Recession Proof- Staedy Income/ Easy Operation

All Those Are Ready To Prove For Qualified Buyer.

Approx 91,700 Per Month Average Sales Volume About Recent 1 Year Period
Net Income Per Month Average Of 15,400 Per Month For Last 12 Months Average

Recently Seller Spent Approx 50,000 For Remodeling And Repalcement
Of Some Equipment Last A Couple Of Months For New Buyer
Everything Is Ready To Go !
New 10 Years Lease Get Started From This Year After First 10 Years Lease Term Expired
9.5 Years Of Remaining Lease
Approx 2,875 Square Feet Including Patio Area
Definitely Seller Wants Buyer Making Same Or Better Business At The Location
Seller Willing To Train Buyer About 3 Weeks After Close Of Escrow Without Compensation \\or Stay Longer As Consultant Under Certain Agreement.

Abc License On Sale Beer And Wine License Is Included In Price
Total Of 22 Employees Full And Part Time Workers
Seller Works About 20 Hours Per Week Mostly Come To Check 4 Days A Week

This Restaurant Is Not Full Dining Type More Likely Panda Express Type Of Operation
Which Is More Easy To Operate

Seller Is Very Confident To Proof All Books And Record For Qualified Buyer In
Finance And Lease Transferable, Experienced Buyer

For More Detail Call Me At (213) 327-5400
Or Email Me At
Jameskwonrealtor@yahoo.Com.