Last Revised: 9/5/19. Posting #: 256442
Key Words: chinese, asian, oakland, alameda
Financial Info: Price: $200,000. Down: Call. Adjusted Net: Call. Annual Revenues: $850,000. The lease will expires in Aug 2022. Very reasonable rental rate.
Profile: Long established and profitable Chinese restaurant operation for over 30 years, with regular and repetitive customers. Monthly sales are around $70,000. This location has outstanding foot traffic and located on Oakland Hill in dining, entertainment and shopping district with vibrant mix of trendy restaurants and outdoor cafes, a variety of shops and sunny public plaza. There is something for everyone in a convenient location with ample parking and friendly neighborhood environment.
The restaurant size is around 2,990 sq. ft. with 70 seats. Spacious and fully equipped kitchen. The kitchen features with make up air, blower, Chinese stove, 12 foot hood, big tank extinguisher for fire protection, american stove, deep fryer, walk-in refrigerator, 2 door freezers (two) and one door freezer (one), ice maker, mixer, 70 seats, booster seat and tables.
The lease will expires in Aug 2022. Very reasonable rental rate.
Reason for sale: Seller is selling to retire.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Key Words: jeff back, j. back & associates - restaurant sales, restaurant, restaurant broker, fast food, hamburger, bar, quick service restaurant, pizza, gastro pub, pub, thai, mexican, hayward, alameda, san ramon, constra costa, san jose, santa clara, oakland, dublin, lafayette
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
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Profile: Conceivably, you have found out about “dependable guidelines” and “typical ratios” and assume that your business will be worth around what an organization of similar size in your particular industry or field is valued at. Tim Cunha, JD, located in the San Francisco Bay Area, discusses this topic.
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