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#675
Sacramento Restaurant For Sale

Asian Buffet Restaurant in Free Standing Building!

$289,000
Asian Buffet Restaurant in Free Standing Building!
This Listing is Expired
If you are looking for turn key business opportunity, this buffet restaurant will be perfect. Located in free standing building, there is 7,200sq/ft and seating for 250 customers and plenty of parking. The restaurant has a full kitchen with 3 hoods and more then 5 buffet lines. The lease has 6 years remaining with Two 5 year options. Base rent is $2.42 per/sq/ft plus NNN. The partners have decided to part their ways and are motivated to sell this successful restaurant. The seller represents to SellingRestaurants the monthly sales are around $150,000. Buyer will need to validate this amount. Please call or e-mail to request more information. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
This is a Rob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
6yrs+Two 5yrs Option
Total Monthly Rent:
$17,408
Security Deposit:
$15,480

Financials

Last Year's Annual Gross:
$737,695
Last Year's Owner's Cash Flow:
$52,249
Last Year's Food Cost %:
26.5
Last Year's Payroll Cost %:
8.1
Last Year's Rent %:
34.3

Operations

# of Full-Time Employees:
21
# of Family Employees:
2
Hours Open:
Sun to Thur 11am to 9:30pm
Fri to Sat 11am to 10pm
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
250
Inside Sq. Ft.:
7,200

Highlights

  • Full Service Buffet and Grille Restaurant.
  • Surrounded By Business and Residences.
  • Easy to Follow Business Model.
  • Kitchen has 3 Hoods in Place.
  • More Then 5 Buffet Lines for Serving 100 Items.
  • Base Rent is $2,42 per/sq/ft Plus CAM Change.
  • 6 Years Remain on Lease with Two 5 Years Options.
  • Seller Seeking Qualify & Experiences Buyers.
  • Seller represents monthly sales are $150,000.
  • Buyer needs to validate the sales.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 32,914 137,153 368,001
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,980 55,839 144,253
2010 Persons Per Household 2.03 2.32 2.40
Median House Value $215,900 $258,300 $254,276
Income Per Household $37,605 $53,931 $48,538
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,690 4,534 9,161
2012 Number Of Employees 53,182 150,110 313,126
2012 Total Annual Payroll $1,287,802,000 $3,458,790,000 $4,294,967,295

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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