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For Sale: Chinese Restaurant - Long Established, Renovated - Scotts Valley, Santa Cruz Area

  • Address: 219 Mt Hermon Rd A2Scotts Valley95066

  • Status: Off The Market

  • Posting ID: 267510

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Asking Price

Scotts Valley, Santa Cruz Area Chinese Restaurant - Long Established, Renovated Business For Sale
Chinese Restaurant - Long Established, Renovated Company For Sale
Scotts Valley, Santa Cruz Area Chinese Restaurant - Long Established, Renovated Companies For Sale
Buy, Sell A Chinese Restaurant - Long Established, Renovated Business
Selling A Scotts Valley, Santa Cruz Area Chinese Restaurant - Long Established, Renovated
Chinese Restaurant - Long Established, Renovated Business Opportunity

Description

A well-established newly renovated restaurant in an excellent location, just 25 miles from Silicon Valley and 6 miles to Santa Cruz beaches. The restaurant has been in business for over 35 years, since 1986, with good, generous and loyal customer base. It is situated in Graham Plaza, a shopping plaza with high visibility.

There is a nice outside courtyard for outdoor dining. Efficient kitchen area with lots of storage space.

Great opportunity for somebody who is eager to work and continue to build on a successful business. The restaurant has remained strong doing a very good take-out business during the pandemic, and partly due to the outdoor dining area.

Inventory:

- Tables
- Booths
- Chairs
- Counter
- Large screen displays
- Walk-in cooler
- Freezers
- Refrigerators
- Prep tables
- Wok range
- 6 Burner Stove *New
- Icemaker
- Dishwasher
- Sinks

Included in Sale:

* ABC License type 41
* Business name * Client List * Kitchen Equipment and Appliances. * Strong sales (lunch & dinner) * Strong 'To Go' Sales * Banquet tables, chairs, glasses, dishware, flatware, and more* Owner will train and consult

Asking Price: $199,000
Gross Revenue: $900K
Real Estate: Leased
Rent: $5139 per Month
Building SF: 1960 sf
Dining Area: 1065 sf
Capacity: 80 people
Lease Expiration: January 2024 +5 years extension
Employees: 7
Established: 1986
Reason for Selling: The business owner has retired; nephew is running business.

Potential buyer to sign Non-Disclosure Agreement (NDA) to receive financial package.

QUALITY OF LIFE - Scotts Valley
Scotts Valley covers 4.6 square miles
Elevation is 527 feet at Scotts Valley
Incorporated: 1966
Population 11,903
Number of Jobs: 4,966
Number of Employers: 706
Located 25 miles from Silicon Valley and 6 miles to Santa Cruz beaches.
Median household income is 63% higher than California.
High school graduation is 19% higher than California. Scotts Valley has Award Winning Public Schools
Median home value is 60% higher than California.
Average summer temperature is 61.
Scotts Valley, CA is 74% safer than other cities of California.
Top 14 city in California!

To get more information about this Chinese Restaurant - Long Established, Renovated business for sale in Scotts Valley, Santa Cruz Area please phone Paul Burrowes - Agent - BRE License #:01955563 at 831-295-5130 Cell and 831-295-5130 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #267510 on BizBen.com. In addition to phoning Paul Burrowes - Agent, make sure you email Paul Burrowes - Agent above to get more info about this Chinese Restaurant - Long Established, Renovated, to ask any questions or request an appointment to see this business for sale. Thank you.

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Contact

  1. Name: Paul Burrowes - Agent
  2. Phone: 831-295-5130 Cell
  3. Phone: 831-295-5130 Text

Details

  1. Asking Price: Call / Email

  2. Down: Call / Email

  3. Cash Flow: $180,000

  4. Revenue:   $900,000

  1. Area: Scotts Valley, Santa Cruz Area

  2. City: Scotts Valley

  1. Attributes:

    Broker-Broker CoopTraining & Support

Related Links & Information Regarding This Posting

Email Paul Burrowes - Agent Below About This Posting

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