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#409

CHINESE FAMILY RESTAURANT - THE ONLY ONE IN CITY

$89,000
Sold
CHINESE FAMILY RESTAURANT - THE ONLY ONE IN CITY
This Listing is Sold
This well known Chinese family restaurant has been in the town more than Ten years and it has a monopoly on the Chinese food market. Population has more than 7,000 people plus surrounded State Prison and few other towns in the area. Located in a major shopping Center, there are 3 years remaing on the lease with 2 five year options. The rent is very affordable at only $1,100/mo. and NO CAM! There are 1,300 sq/ft. Last year Annual gross sales was more than $240,000, the owner has other restaurants to manage. This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:

Lease Term:
3yrs + Two 5yrs Option
Total Monthly Rent:
$1,100

Financials

Last Year's Annual Gross:
$240,000

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Family Employees:
1
Hours Open:
Mon to Sat 1100 to 2100. Sunday Closed

Facilities

Indoor Seating:
50
Inside Sq. Ft.:
1300

Highlights

  • 3 yrs remain on lease + 2 five yr Options.
  • Very Affordable Rent @ $1,100/Mo.
  • No NNN or CAM.
  • 1,300 Sq Ft.
  • Located in a Shopping Center with Super Market.
  • In a small Town with a nearby State Prison.
  • Under Same Owner More Than Eight Years.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 7,259
Households 5-mi
2010 Number Of Households 2,811
2010 Persons Per Household 2.55
Median House Value $233,100
Income Per Household $58,309
Businesses 5-mi
2009 Number Of Businesses 88
2012 Number Of Employees 1,830
2012 Total Annual Payroll $39,358,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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