Asian Fusion Full Service Restaurant Oakland Downtown Chinatown

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Asian Fusion Restaurant Right In The Heart of Downtown Oakland
Asking Price:
$65,000

Gross Revenue:
$180,000
Cash Flow:
$10,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Kultmix means the diversity mixture of cultures where it carry varieties type of Asian Fusion foods. Business was established in October 2018 and at this early stage is profitable. The restaurant is located right in the middle of Downtown Oakland/Chinatown. Total square feet of ground base and downstairs basement is approximately 4,100 square feet at $5,000 per month. There are many small businesses including corporation which has major commercial customers base, not only that, the area around neighbors are developing new buildings commercial and resident that at least includes 600+ new units. This location will be the next hottest spot here in downtown within the next 1-2 year. Kultmix is a very spacious restaurant that can fulfill any innovative ideas to cater to the customers. Liquor license can be provided with additional fee at $30,000USD.

About the Business

Location:
Oakland, California
Year Established:
2018
Number of Employees:
3
Home Based:
Yes
Real Estate:
Leased
Building Sq. Ft.:
4,100
Rent:
$5,000.00 Per Month
Lease Expiration:
9/30/2023
Facilities:
Kultmix Restaurant has been remodeled inside out (Kitchen & Dining) with new installed equipment. All ready to go. Everything in the restaurant are included with the sales.
Website:
www.kultmix.com
Market Outlook/
Competition:
There are many Chinese restaurant around in each block of Downtown. Kultmix or any new concept will be a huge potential hit due to local demanding something new. Competition is not tough at this location as long as you know what you are doing, also, new residents and businesses are moving in town as it's developing in the next 6 months-2 years span.
Growth & Expansion:
The traffic is there and it's only increasing as days passed by. I can serve as an side consultant if any further permits, license are needed such as getting a liqour license, etc. I was raised in Oakland so i can assist with any help as wish.
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About the Sale

Reason For Selling:
Retire from Restaurant industry and having another new born coming soon.
Training/Support:
Kultmix team and myself will be providing any needed training including certain recipes as necessarily. I will provide full support to ensure smooth transition.

Listing Info

ID:
1458988
Ad Detail Views:
0

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Business Listed by
Andy Duong

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