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San Fernando Valley

  • Listing No.: 130-00209

  • Category: Food - Restaurant

Asking Price $80,000
Down Payment
Gross Revenue $226,626
Total Adjusted Net Income $31,548
Equipment / Fixtures $20,000
Year Established 2012
General Location San Fernando Valley
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Long-standing Asian restaurant with full service dining for lunch and dinner, pot-luck, and full take-out menu! Location near a major freeway! Great menu with all of the authentic Asian favorites made from scratch daily, including soups, BBQ, noodles, curries, rice dishes & more! Kitchen features 1 Chinese Wok Range, 1 Six-Burner Range w/ Oven, 1 Gas Deep Fryer, 1 Gas Charbroiler, 1 Two-door Refrigerated Sandwich Prep Table, 1 reach-in freezer,  2 refrigerators, 5 commercial work tables, and more. Recipes included! Seller is retiring! Income verifiable on tax returns! The restaurant does not have an ABC license.  This is an owner-operated business. No managers are in place. Inquire now at asmith@fcbb.com.

Gross Revenue $226,626 Listed Price $80,000
Total Income $31,548 Down Payment
Base Rent $3,720 Square Feet 1245
Total Rent $4,790 Lease Expiration 12/2024
Rent Deposit $3,500 Lease Options 2 and 5 yrs
Inventory $1,000 Leasehold Improvements $60,000
Equipment / Fixtures $20,000 Other Assets Signage - $2,000
Full-Time Employees Training Period two weeks
Part-Time Employees 2 Special License Required Business license, Seller Permit, Alarm Permit, Health license
Contract Staff Reason for Selling Retiring

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.