Asking Price: $65,000 Gross Revenue: $180,000Cash Flow: $10,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
$5,000.00 Per Month
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.
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.
Asian Fusion Full Service Restaurant Oakland Downtown Chinatown
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