Chinese Restaurant For Sale - Tustin, Orange County

Tustin, Orange County Chinese Restaurant For SaleRemark: very busy signalized corner center with great parking
Remark: open 6 days close on every monday, plentiful potential of growth in sales by opening 7 days
Remark: full liquor license - type 47
Remark: established since 1984
Remark: no delivery whatsoever, tremendous potential to grow by adding delivery order
Remark: no app sales & delivery, upside potential by adding app delivery service such as eat24, grubhub

Asking price: $260,000
inventory: approx $20,000
business type: full service chinese restaurant with full liquor
licenses: full bar, license type 47
building & parking: strip center, ample parking
seating capacity: approx 130 more or less
days open: open 6 days close on every monday
business hours: 11:00am to 9:00pm, close between 2:30pm to 4:00pm tue-fri
area: tustin, ca 92780
lease: approx
store size: approx 3.820 sq. Ft. With ample parking
how long est: 35 years, established since 1984
no. Of employee: 10 full-times and 6 part-times, including owners
owners working hours: open to close, among 3 owner operators

Approx, represented by seller as per listing agreement
Total annual sales before sales tax: net sales: $1,008,000.00
Annual cost of goods: $282,240.00
Annual gross profit: $725,760.00
Annual total expenses: $642,720.00
Annual net income - before recapture of owners salary: $83,040.00
Recapture of owners salary: $84,000.00
Annual net income - after recapture of owners salary: $167,040.00

Broker/agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
The listing # 249547 Chinese Restaurant - Tustin, Orange County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Chinese Restaurant in Tustin, Orange County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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