This is a rare find of an Asian restaurant with good tax returns, solid numbers and history, with the ability to get an SBA loan based upon the restaurant's tax returns with 20% down. This is priced to sell quickly. This beautiful full service Chinese Restaurant is located in high volume of traffic retail center in a building of its own and in one of Sacramento's newest neighborhoods. It has buffet service as well as separate sushi station and two other Private dining rooms for those private parties so in demand these days. Five years remaining on the the current lease plus two 5 year options, base rent is $12,131. The kitchen is state of the art and very spacious and has the look of brand new.
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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:
5 years remaining + two 5 year options
Total Monthly Rent:
$12,131
Financials
Last Year's Annual Gross:
$811,341
Last Year's Owner's Cash Flow:
$169,329
Last Year's Food Cost %:
261223
Operations
# of Full-Time Employees:
10
# of Part-Time Employees:
4
Highlights
- MAJOR PRICE REDUCTION
- IN THE MAJOR RETAIL CENTER WITH HIGH TRAFFIC
- CLOSE TO FREEWAY
- ESTABLISHED FULL SERVICE CHINESE RESTAURANT
- ANNUAL GROSS WELL OVER $800,000 LAST 4 YEARS oN TAX RETURNS!
- 4976 SQUARE FEET
- SEATS 196 GUESTS INSIDE
- TWO SEPERATE PRIVATE DINING ROOMS
- SUSHI BAR
- BEER & WINE LICENSE
- LARGE STATE OF THE ART KITCHEN
- MONTHLY GROSS $90,000
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
27,456 |
104,797 |
252,245 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
9,405 |
36,070 |
86,900 |
2010 Persons Per Household |
2.75 |
2.75 |
2.74 |
Median House Value |
$204,900 |
$210,031 |
$203,633 |
Income Per Household |
$55,177 |
$64,148 |
$52,522 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
846 |
1,679 |
6,734 |
2012 Number Of Employees |
36,864 |
62,200 |
231,986 |
2012 Total Annual Payroll |
$848,704,000 |
$1,675,530,000 |
$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.