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#902
Sacramento Restaurant For Sale

Turn Key Chinese Buffet Located Near Highway Access!

$129,000
Turn Key Chinese Buffet Located Near Highway Access!
This Listing is Expired
This restaurant was established in 2006 and is located in a shopping center with plenty of parking. It's a great location for dim sum restaurant in the South Sacramento area. The dinning room is clean, comfortable and easily seats 192 guests. The new business owners could use buffet lines to serving Hong Kong Style dim sum. The restaurant is fully staff and ready to go. So why bother starting from an empty shell when all the work has been done for you - employees, permits, licenses, etc. The kitchen has plenty of equipment to prepare dim sum. The lease expires in June 30, 2010 with one 3 year option. Reasonable base rent only $3,827 per month plus CAM Charge for approximated 5,700 square feet. The current owners are burned out for having tough time managing kitchen employees. Seller will carry 20% of purchase price for qualify buyers. Please select one of the bright orange buttons below to get the name and address of this business along with more photos. It requires one to register, which costs nothing. All that's needs is an e-mail address, name, address and phone contact to register. Simple as that!
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires on 6-30-2010+3yr Option
Total Monthly Rent:
$3,827

Financials

Last Year's Annual Gross:
$350,000
Last Year's Food Cost %:
38
Last Year's Payroll Cost %:
25

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
Sunday to Thursday 11am to 9pm
Friday and Saturday 11am to 9:30pm
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Indoor Seating:
192
Inside Sq. Ft.:
5,887

Highlights

  • Best location in South Sacramento for Dim Sum Restaurant.
  • Dinning Room is Large, Comfortable and Clean.
  • Kitchen Fully Equipped and Good Working Environment.
  • Parking Lot Less Than Two Minutes Away From Highway Access.
  • Lease Expires in June, 2010 Plus 3yrs Option.
  • Base Rent $3827 Plus CAM Charge.
  • Total Approximated 5700 Square Feet.
  • Sellers Couldn�t Handle Kitchen.
  • Sellers Very Motivated.
  • Seller will carry 20% of purchase price for qualify buyers.
  • Don�t Miss this Opportunity.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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