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#1364
Sacramento Restaurant For Sale

Family Operated Restaurant Close to Sac. State

$85,000
Sold
Family Operated Restaurant Close to Sac. State
This Listing is Sold

Selling Restaurants proudly presents this profitable Chinese family run business situated near Sacramento State University. It sits in a newer retail center. There is a large customer base surrounded by nice homes and plenty of students looking to fill their Chinese food desire. Owner claims monthly gross revenues are about $28,000 giving this business a rent factor of just 6.7%, indicating this business should be very profitable if the owner is managing the food and labor costs. Selling Restaurants has not verified the monthly revenue amount and makes no warranties as to the accuracy. The buyer should verify the sales during the due diligence process. The landlord replace the new air condition unit and the owner just updated ansil system in the hood. The Dining area is well maintained and beautiful. It seat 60 guests. There are 1900sq/ft with monthly rent of about $1,900 including CAM fees. The lease will expire on November 16, 2011 with 5yr option to renewal. A beer and wine license is included. The owners are selling because they need to focus on their family and careers. If you're looking for a Chinese restaurant to operate with your spouse then don�t miss this opportunity. It is perfect for a couple or small family.

Select the orange button below titled "want name and address" to obtain the name and adress of this restaurant and Submit the online confidentiality agreement.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Lease expires 11/15/2011 + 5yr option
Total Monthly Rent:
$1,752
Security Deposit:
$3,754

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Family Employees:
2
Hours Open:
Monday Friday 11:00 a.m. 9:30 p.m.
Saturday 12:00 p.m.- 9:30 p.m.
Sunday 12:00 p.m. 9:00 p.m.
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Inside Sq. Ft.:
1,900

Highlights

  • Retail center has Italian and Mexican restaurants.
  • Nice neighborhood with plenty of students and local residence.
  • New air condition unit and updated hood ansil system.
  • Gorgeous dining room seats up to 60 guests.
  • Restaurant occupies total 1900sq/ft.
  • Base rent is super low only $1752 a month plus CAM Change.
  • Beer and wine license included.
  • Sellers needs more time focus on their families and careers.
  • It is perfect for couple or small family operates.

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 16,110 142,759 308,131
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,593 58,262 124,720
2010 Persons Per Household 2.07 2.29 2.32
Median House Value $394,600 $247,170 $262,241
Income Per Household $81,076 $44,352 $46,755
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 495 4,690 9,683
2012 Number Of Employees 20,112 177,006 310,850
2012 Total Annual Payroll $533,446,000 $4,294,967,295 $4,294,967,295

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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