Highly Profitable Chinese Restaurant

California
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Asking Price:$15,750,000
Established Year:1984
ASSET SALES DESCRIPTION

Once in a lifetime opportunity: Strong & Consistent History of Exceptional Profi

With a 40-year history in Southern California, this single location restaurant specializes in Szechuan, Mandarin, and Cantonese cuisine and is a regional favorite. Trailing Twelve Month revenues are $12.1 mm with an EBITDA of $5.44 mm. As a family run business, the restaurant has recently been renovated with a large kitchen over 2000 sq. ft. There are ample opportunities to grow this business. Customers often request that new locations be opened allowing for geographic expansion. The restaurant does not employ online ordering, food delivery, or digital marketing of any kind providing several low cost opportunities to increase growth substantially. Daily, there are lines out the door waiting to be seating in a sizable dining area. The sale is to facilitate the retirement of the owners who have a limited role in the business. A limited transition period will be provided to a new owner. This has been a highly profitable business for decades with historic EBITDA margins ranging from 31% to 49%. Revenues are growing (without any effort) at 6.5% each year. Individual buyers requesting information will be required to submit evidence of adequate funds. Ownership is not interested in retaining equity. Upon receipt of NDA and proof of funds we will forward a CIM for your review.


ATTACHED DOCUMENTS
NDA and Buyer Profile PA-1132.pdf.pdf Download

DETAILED INFORMATION
Location
California
Facilities
A major renovation and expansion was completed not long ago. The restaurant is located in a shopping plaza and has 10 years left on lease with two 5 year extensions available. Lease is $12k per month plus CAM. Transfer of the lease must be approved by the lessor.
Financing
TBD
Support & Training
Ownership is not wanting to work in the business post sale but will provide up to six months transition assistance for two key managers.
Reason for Selling
Retirement of owners.
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Tim McDonald
Tim McDonald