seller_photo
Steve Zimmerman Contact This Broker
Oops, you're not logged in...
To send your message, either login or provide us with a password and we'll create your account. or
Login and your message will be sent. Your message can be edited above.




Give us a password and we'll create your account. Your message and account details can be edited above.




Sba Pre-approved - Highly Profitable Asian Restaurant & Patio Located Downtown On Main Thoroughfare

Davis, California : Restaurants
Listing #3059

Sba Pre-approved - Highly Profitable Asian Restaurant & Patio Located Downtown On Main Thoroughfare RRC#: 3059 Asking Price: $285,000 Location: Davis, Yolo County, California Yearly Revenue: $678,180 Yearly Cash Flow: $170,808 Monthly Rent: 4800 inc NNN LISTING DESCRIPTION: Highly Profitable $1,760 sq ft Asian Restaurant with annual sales of $678,000 and owners profit of $170,000. Husband and wife team with 10 employees, open for Dinner only except weekends and closed on Monday's has a tremendous growth potential for like minded new owners. The Quality Dining room is in excellent condition with 65 seats plus a further 30 on the street side patio. The Kitchen is compact but there is a walk-in Cooler and walk-in Freezer, plus an 8 burner stove with oven, broiler and double deep fat fryer, all under a 10 ft Type 1 hood with fire suppression system. New refrigerated worktop and ample stainless steel prep surfaces makes for a very efficient kitchen work space. An ABC type 41 beer and wine license and under market monthly rent with a good lease is all included. Davis is a major university city with 40,000 students attending California UC Davis. This student influx has a huge up swing for businesses in general within the city and this restaurant takes full advantage of this high student population. Priced well at $285,000 with pre-approval for a long term SBA loan, buyer's may only need $75,000 down for a ROI of $170,000 annually. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail. GENERAL INFORMATION: Organization: Sole Proprietorship | Year Established: 1990 | Current Owner: 2003 | Employees: 10 | Seating: 65 + 30 Patio | Square Footage: 1760 | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: Tues-Thurs 5pm-9pm, Fri 11.30am-10pm Sat & Sun 12pm-10pm | Reason For Sale: Retirement | FINANCIAL INFORMATION: Yearly Revenues: $678,180 | Yearly Cash Flow: $170,808 | Payroll: $9858 | LEASE INFORMATION: Monthly Rent: 4800 inc NNN | Lease Expiration: 2019 | Yearly Adjustment: 3% | Lease Option: 5 yr Option | Security Deposit: 4599 |

Asking Price:

$285,000

Gross Income:

$678,180

(last 12 months)
Cash Flow:

$170,808

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Sba Pre-approved - Highly Profitable Asian Restaurant & Patio Located Downtown On Main Thoroughfare

RRC#: 3059
Asking Price: $285,000
Location: Davis, Yolo County, California
Yearly Revenue: $678,180
Yearly Cash Flow: $170,808
Monthly Rent: 4800 inc NNN

LISTING DESCRIPTION:
Highly Profitable $1,760 sq ft Asian Restaurant with annual sales of $678,000 and owners profit of $170,000. Husband and wife team with 10 employees, open for Dinner only except weekends and closed on Monday's has a tremendous growth potential for like minded new owners. The Quality Dining room is in excellent condition with 65 seats plus a further 30 on the street side patio. The Kitchen is compact but there is a walk-in Cooler and walk-in Freezer, plus an 8 burner stove with oven, broiler and double deep fat fryer, all under a 10 ft Type 1 hood with fire suppression system. New refrigerated worktop and ample stainless steel prep surfaces makes for a very efficient kitchen work space. An ABC type 41 beer and wine license and under market monthly rent with a good lease is all included. Davis is a major university city with 40,000 students attending California UC Davis. This student influx has a huge up swing for businesses in general within the city and this restaurant takes full advantage of this high student population. Priced well at $285,000 with pre-approval for a long term SBA loan, buyer's may only need $75,000 down for a ROI of $170,000 annually. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1990 | Current Owner: 2003 | Employees: 10 | Seating: 65 + 30 Patio | Square Footage: 1760 | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: Tues-Thurs 5pm-9pm, Fri 11.30am-10pm Sat & Sun 12pm-10pm | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $678,180 | Yearly Cash Flow: $170,808 | Payroll: $9858 |

LEASE INFORMATION:
Monthly Rent: 4800 inc NNN | Lease Expiration: 2019 | Yearly Adjustment: 3% | Lease Option: 5 yr Option | Security Deposit: 4599 |


Bizilla Reference # 26250 :   Report this listing