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#953
San Francisco Restaurants For Sale

Chinese Restaurant 18 Years in Business Located in Marin County with Beer and Wine

$129,000
Sold
Chinese Restaurant 18 Years in Business Located in Marin County with Beer and Wine
This Listing is Sold

Selling Restaurants asks are you looking for low rent Chinese restaurant in Marin County? Located in San Rafael, the rent for this Chinese restaurant is only $2000 rent a month! Owned by the same owner for 18 years, this restaurant has built a solid reputation and clientle. This restaurant is clean and well maintained and provides a true Asian home atmosphere. The Sq. Ft. is 1,200 and seats up to 49 guests. Seller claims the monthly gross sales are $24,000. The lease expires in April  30, 2009. After 18 years in the business, the seller has decided to retire from the business for now.

Please click the orange link below obtain the business name, address and more photos.

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

Lease

Region:
San Francisco Restaurants For Sale
Lease Term:
Expires on 04-2009
Total Monthly Rent:
$2,000
Security Deposit:
$1,750

Financials

Last Year's Annual Gross:
$300,000
Last Year's Food Cost %:
25
Last Year's Payroll Cost %:
15

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Family Employees:
2
Hours Open:
Open Mon to Fri for Lunch 11am to 3pm Dinner 5pm to 8:30pm. Sat 5pm to 8:30pm and closed every Sunday.
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
48
# of Parking Spots:
15
Inside Sq. Ft.:
1,200

Highlights

  • Turn key family operated Asian restaurant.
  • It is located in commercial area in San Rafael.
  • Restaurant is operated by same owner for 18 years.
  • Dinning room clean and kitchen well maintained.
  • Restaurant has 1200sq/ft and seats up to 49.
  • Low base rent is $2,000 a month included CAM.
  • Lease will expire in April 30, 2009.
  • Plenty of parking with 18 parking spaces.
  • Beer and wine license include.
  • Seller is burned out after working hard last 18 years.
  • Please register and sign “Confidentiality Agreement” to obtain business name and address.
  • 請立刻豋記和簽保密同意書之後,便可得知餐館名和地點。

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 28,644 101,900
Households 3-mi. 5-mi
2010 Number Of Households 12,048 41,365
2010 Persons Per Household 2.31 2.46
Median House Value $634,100 $722,948
Income Per Household $88,646 $84,149
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,113 4,225
2012 Number Of Employees 31,726 98,416
2012 Total Annual Payroll $1,018,360,000 $2,873,241,000

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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