Well-estab, Chinese Seafood Cuisine, Absentee, Rev $600K, Prc $250K

Rowland Heights, CA
House of Fortune Seafood Cuisine
Cash Flow:$72,000
Inventory:$6,000
Established Year:2020
Gross Revenue:$600,000
Rent:$8,900/Month
BUSINESS DESCRIPTION

Owner has pouring heart for this beautiful, tasteful, delicious food place in the heart of City Rowaland Heights. Located in a busy and desirable strip mall. High Foot traffic. Turn-key. No Remodel necessary. Well built, attractive store.Consistent busy and well known in the neighbor. More than 4 years in the business and stay strong. Open front windows look. approximately 2500 Sq. Ft. Spacious storage room in the back with permitted. Business Dine-In, Pick-up and Delivery. Sales are in the $600,000/Annual range and a possible income of $72,000/Annual range is projected due to a high wage of a help run. Kitchen and restaurant have been built from scratch in 2000. Have own online website delivery with UberEats, DoorDash,Grub-hub, etc. Since seller has 4 restaurants, less involvement in the operation like absentee-run and currently, run by 3 kitchen staff and 4 store staff, all of whom have been with us for a long time. Opened 7 days w/short business operation only 9 hrs/day from 11:00 am to 8:00 pm. Lots of potential and carry on establish and successful business. Good reasonable lease to 2029 with 5 years option and workable with nice landlord.
Please do not talk to employees. They are not aware of the sale. Financial records will be provided to buyer with proof of fund and committed.
• "Note"
> Business summaries and financial information posted herein are believed to be reliable but obtained solely from Seller or Seller's agents. So, Buyer's verification is absolutely necessary.
> No representations or warranties are provided by the Action Realty Task, Inc’s brokers, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information.
> Broker and/or its agent shall not be held liable for any such information, whether or not it is true
> Buyers will be given a due diligence period of about two weeks during which they will be able to verify the accuracy of business information and books and records on their own way.
> Buyers are strongly encouraged to seek the advice of accountants, attorneys and/or other available business advisors, if deemed necessary, to verify the accuracy of any business information provided in our ads, documents or through our agents.


ATTACHED DOCUMENTS
Non-Disclosure Agreement (NDA).pdf Download

DETAILED INFORMATION
Location
Rowland Heights, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
30/06/2034
Employees
7
Facilities
Fully fixtured kitchen with walk-in freezer. Many freezers and refrigerators, Prep tables, Huge hood and many burners. All fixture in the kitchen is customized built in 2000. Easily lend itself to any cuisine in addition or stand by its own. Server station and serving prep area and managers office
Competition
There are only two restaurants in this unit, but they are no competition as they offer different cuisines. However, there are restaurants in the surrounding area and along the street that offer a variety of cuisines, some of which could be competitive.
Growth & Expansion
Expand your online ordering, catering, and accommodate party patrons. This type of vegan food can be a good fit for areas with a variety of restaurants and many retail and office spaces nearby..
Support & Training
2 weeks full-time traning given after closing
Reason for Selling
The Seller currently operates multiple businesses and is selling for strategic b
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Kevin
Kim
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Kevin Kim