San Fernando Valley Restaurants For Sale
Well Established Chinese Restaurant in Busy Area w/ Beer and Wine
This Chinese restaurants boasts about its continued success for 26 years in this location and now the owners are ready to pass this profitable business on to a new owner so they can retire after many years of work. The Restaurant is located on a very busy street with many office and government buildings that bring massive amounts of people into the area daily. Then all the business employees and residence in the area just add to the customer base.
Restaurant offers a Buffet at lunch for those on a tight schedule and also full table service menu for those that have time to relax and enjoy a leisurely lunch. Then dinners they pull from the businesses open later and the residence of area. They also offer delivery for dinner hours and of course take out.
The restaurant consists of 2 spaces with 2 separate entrances and kitchen areas(currently open to each other in back of house but could easily be divided if someone wants to add a second concept like Asian Noodles, Sushi or another idea. With over 3600 sq ft of space both areas would have plenty of room. Restaurant currently seats over 90 guests and has a Beer and Wine License. There are 6 designated parking spots in rear of building during day hours and LOTS of parking at night after 5 PM. plus street and lots parking near by.
When you walk in the wall is covered with many plaques of awards the restaurant has won over the years and many more plaques that have been removed to make room for newer ones.
Owners state that restaurant sales average $45,000 per month and that they take home $5,000++ per month but this will need to be verified between buyer and seller as SellingRestaurants has not verified these numbers. Owner has talked to landlord that they are looking to sell and landlord will write a new lease for buyer at time of sale, terms will be similar to current lease being offered.
So if you are looking for a restaurant that has years of continued success that can offer you the ability to continue for years to come you should come by and check out this restaurant. With a new owners eyes and energy and TLC there is room to expand the business even more.
To get more information, name , address and see 12 pictures of this restaurant just go to the "Sign NDA" tab below and get the full lowdown on this business.
To get the name address and photos of this business for sale please visit our website at SellingRestaurants.com
Restaurant Broker Stuart Schlosser DRE License #01809021
Lease
Operations
Delivery offered
Facilities
Highlights
- Serving Fine Chinese Food for past 26 years
- Owners want to Retire
- VERY Busy street and business area
- Location has 2 kitchens and 2 front doors so buyer could add second concept (Asian Noodle House, Sushi ??)
- Lunch Buffet being offered for fast service for area workers
- Delivery offered for dinner hours
- Beer and Wine License
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 40,076 | 284,046 | 633,203 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 14,380 | 97,808 | 219,475 |
| 2010 Persons Per Household | 2.70 | 2.78 | 2.75 |
| Median House Value | $506,100 | $475,687 | $500,587 |
| Income Per Household | $46,420 | $49,443 | $57,079 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 871 | 6,544 | 19,376 |
| 2012 Number Of Employees | 14,206 | 132,724 | 419,260 |
| 2012 Total Annual Payroll | $264,974,000 | $2,591,197,000 | $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.