Buffet Restaurant & Night Club Potential 20K+ s.f.

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Asking Price:
$120,000

Gross Revenue:
$900,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Long established profitable Asian buffet restaurant of 11K s.f. with eight self-serving islands, a large private room seating total 280 customers. Located at a major shopping center with plenty of packing for local patrons and bus loads of tourists. Potential to add a night club at the basement of additional 8K s.f. Bonus 2/F office spaces of 1K+ s.f. Well equipped kitchen with 16-foot type 1 hood, 8 gas stoves for wok cooking, large walk-in cooler and multiple refrigerators, industrial dish washing machine, food preparation island, 6-burner stoves, oven, and much more. Seasoned team with experienced cooks, and under-market rent. Gross about $900K with further growth potential.

About the Business

Location:
Salinas, California
Year Established:
1995
Number of Employees:
11
Real Estate:
Leased
Building Sq. Ft.:
19,800
Rent:
$172,121,400.00 Per Month
Lease Expiration:
8/31/2021
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About the Sale

Reason For Selling:
Retirement
Seller Financing:
negotiable

Listing Info

ID:
1542015
Ad Detail Views:
303

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Business Listed by

Michael Floorman

BTI Group Inc.
License# 01160661

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