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Finance And Services:

Business For Sale. Chinese Cuisine Restaurant In Celebrity Commu

LISTING DETAILS
Firms For Sale ID:
12207
Vendor reference:
189395
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$380,000  
Turnover / revenue:
$150,000
Net profit / cashflow:
$1,000,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Fantastic Chinese Cuisine Restaurant located in a very high profile celebrity community. This restaurant is located in one of the most prestigious cities in the world21; In addition to its great reputation for fantastic food, its high visibility, high traffic location results in success. 80%; of its customers are local affluent residents that visit on a regular basis. The majority of these residents in this community have an occupation of doctor, lawyer, entertainers or financial specialists. The average customer spends approximately 24;25 per person. The full liquor bar generates 15%; of the gross sales; catering generates 5%; and take-out generates approximately 20%;. It has a very attractive lease at 24;2.2/sq. ft. There is private parking available evenings and weekends. Landlord will build an 88-unit condo on the parking lot. It will generate more revenue in about one and a half of year. Builder will provide valet parking during the construction time. The potential for growth is evident, as the current owner does no advertising. This advertising could be targeted at increasing their take-out and catering portion of the business. For additional information, please contact Jerry Li at (714) 224-7300