Chinese Restaurant on Ventura Blvd for sale
| Asking Price: | $320,000 |
| Gross Revenue: | $1,000,000 |
| EBITDA: | $160,000 |
| Cash Flow: | $160,000 |
| Inventory: | $10,000 |
| Established Year: | 2020 |
REMARK: Great laid out beautifully decorated restaurant
REMARK: SBA Loan 40%+ down subject to Lenders approval of buyer, Buyer' experience & financial
REMARK: Great net income and Fantastic opportunity for fulltime Owner operator or Owner Chef Operator
REMARK: Situated on Prime Ventura Blvd with plenty for parking
REMARK: Fully Equipped, spacious Kitchen with walk-in Cooler & Freezer
BUSINESS TYPE: Full Service Chinese Restaurant with Beer & Wine
LICENSES: License type 41 - onsale - Beer & Wine
BUILDING & PARKING: Strip Center, Ample Parking
SEATING CAPACITY: Approx 100 more or less
DAYS OPEN & HOURS: 7 Days 11:00am to 9:30pm
AREA: Tarzana, CA 91356
STORE SIZE: Approx 3,800 SQ. FT.
HOW LONG EST: Since 2020
NO. OF EMPLOYEE: 6 Full-times and 4 part-times
OWNER'S WORKING HOURS: Owner works 5 days a week Open to Close
LEASE, Approx.: Contact Remy @ 213-798-9987
Approx, Represented by Seller as per Listing Agreement
Approx Total, Monthly Average Gross Sales, before sales tax $82,000.00
Allocation of Sales
Dine-In $57,400.00
Deliveries $24,600.00
Total Gross Sales: $82,000.00
Cost Monthly Average $22,960.00
Gross Profit Monthly Average $59,040.00
Expenses, Approx Monthly
Base Rent including NNN $9,800.00
Wages + Payroll Tax $24,000.00
Liability Insurance $420.00
Workman's Comp $500.00
Advertising $600.00
License and Permits $200.00
Professional Fees - CPA $300.00
Alarm $47.00
Telephone + Internet $270.00
Utilities - Gas $1,800.00
Utilities - Power $1,700.00
Disposable Service (Trash) $410.00
Merchant service fees $1,800.00
Laundry Service - Linen $120.00
Misc. Maintenance / Repairs & Others $3,000.00
Total Expenses $44,967.00
Net Income "including Owner' Salary" $14,073.00
Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller,
employee or business neighbor, For more information please contact REMY CHEN at contact info listed in this website
Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning
the business provided by the seller or obtained from Public Records or other sources.
Buyer is advised to independently verify the accuracy of above information through
personal inspection and with appropriate professionals.
