Address: Cotati, 94931.
Status: Active
Posting ID: 276285
2/24/23
$128,000
Asking Price
Description
Popular restaurant has a fully equipped kitchen and large, sunny dining room. The current owner has recently remodeled the restaurant so the next operator should have smooth transition with the health department. The restaurant is located in a very busy shopping center, with a major anchor tenant, that offers a lot of street visibility and onsite parking which works well for dine-in, take-out and delivery. Seller is currently operating with a Chinese concept; Buyer could convert to Thai or Mexican Cuisine and perhaps a few others. Center already has restaurants serving: burgers, BBQ, coffee, pizza and Vietnamese.
The restaurant is 1,650 square feet approximately with an occupancy of 55 approximately. Rent is $5872.72 including NNN with the current term ending 2024 with one 5-year option. Restaurant equipment includes a 16'-0' (approximately) Type-1 exhaust hood; 2 Pitco double basket deep fryers; American Range 6 stove; 6' X 9' approximately walk-in refrigerator; Supera refrigerated prep station; Hoshizaki ice machine; 10'-0' wok stove with multiple water faucets; 3-compartment sink; prep sink; hand sink; mop sink and much more. The restaurant has been operating as a Chinese restaurant for 30 years with the current operator since 2019. The restaurant is open 7 days a week: Thursday Monday 11:00am-9:00pm; Tuesday and Wednesday 4:00pm-9:00pm.
The owner works full-time and the owner's spouse works part-time with 4 full-time employees. Inventory is valued at $3,000 approximately and is not included in the purchase price. The premise is licensed with a Type-41 Beer & Wine license. Price includes the Furniture, fixtures and equipment, covenant not to compete training period, leasehold interest, leasehold improvements, brand name recipes, menu, and goodwill. Some personal items may be excluded from the sale.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information
To get more information about this Restaurant in a Busy Shopping Center business for sale in Cotati please phone Ryn Longmaid (Intermediary, Broker - BRE License #:01450190) at 707-503-9335 Text and - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #276285 on BizBen.com. In addition to phoning Ryn Longmaid, make sure you email Ryn Longmaid above to get more info about this Restaurant in a Busy Shopping Center, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01253061. Santa Rosa Business And Commercial.
Contact
Details
Asking Price: $128,000
Down: Call / Email
Cash Flow: Call / Email
Revenue: Call / Email
Area: Cotati
City: Cotati
Attributes:
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Revenue
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$Call/Email
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Cash flow
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$N/A
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Cash flow
$N/A
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Cash flow
$N/A New Franchise
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$Email Form Below
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Down
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Cash flow
$NA - New Franchise
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$NA - New Franchise
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$NA
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Cash flow
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Revenue
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$Send Form
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Cash flow
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Cash flow
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Revenue
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Down
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Down
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