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For Sale: Asian Restaurant - Davis, Yolo County


Current Status: Active     Posting #: 261031     Last Refreshed: 7/7/20    
Contact: Sam Choe At 916-364-7561  -  Also Email This Contact Below
Price:  $135,000     Down:  Cash     Adjusted Net:  Call     Revenue:  $350,000    
Business Address:  None Given     City:  Davis     Zip:  None Given    
Attributes:  Lifestyle     Cooperation With Brokers?  Call
Davis, Yolo County Asian Restaurant Business For Sale Asian Restaurant Company For Sale Davis, Yolo County Asian Restaurant Companies For Sale Buy, Sell A Asian Restaurant Business

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  Description About This Posting: Asian Restaurant
This restaurant is located in highly shouted City of Davis. Restaurant is situated inside of large size neighborhood shopping center along with high density residential in surrounding, good traffic corridor, and not that far away from the UC Campus.

This well established Asian restaurant was built out by current owner about six years ago, and past years were the golden robust years in operation, tripled the revenue currently doing. Reason for downward in revenue is mainly due to shopping center owners are in the process of converting the whole shopping center toward mix use with apartment with retail shops. Call broker for more details. According to seller, project will take few years, and he has the dialog and some supporting documents. Also, Seller indicated landlord to work with new buyer and defray the restaurant in Tenant Improvement allowance or most likely participate in built out in future relocation.

Past few years revenue downward revenue caused by anchor tenant moving out inside of the mall, and building owner not doing any long term leases for inside spaces, which is the part of plan in preparation of the shopping center conversion.

Current seller, has been running this restaurant as an absentee past several years, as he owns another restaurant in Sacramento, and resides way out in Placer county, which is about an hour away.

Revenue: Approx $35K Mo
Facility: Approx 950 sqft, including small storage area
Lease: Approx. 3 years, remaining
Rent: $2,580, including NNN
Employee: Around 10, 1 full time
6 days Operation: Mon-F: 11- 9pm, Sat: 12-9, Sunday Closed
Restaurant is nicely built out with walk in cooler.

Ideally, best suitable for Husband and wife team to operate to recapture return on the investment quickly, and upside potential of redevelopement of whole shopping center, can be very positive feature, which building owners already moving forward.

To get more information about this Asian Restaurant business for sale in Davis, Yolo County please phone Sam Choe (Broker - BRE License #:01471915) at 916-364-7561 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #261031 on BizBen.com. In addition to phoning Sam Choe, make sure you email Sam Choe above to get more info about this Asian Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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