Centrally Located, Fast Casual Restaurant in the Plaza Galleria

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Centrally Located, Authentic Chinese Food Restaurant
Asking Price:
$75,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$68,440
included in asking price

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Business Description

Enjoy the good life! Located in a busy area of the Galleria right off the Plaza, this 695 square foot venue, with room for expansion. You can bring your own food concept or inherit proprietary recipes showcasing authentic Southern Chinese cuisine. Take advantage of this fast-casual restaurant with a high foot traffic location, a favorable lease, over $50,000 worth of leasehold improvements. Bring your own food concept or inherit proprietary recipes showcasing authentic Southern Chinese cuisine. This 695-square-foot venue seats up to 52 guests and can handle brisk to-go business. The space enjoys a high-profile location in the Plaza Galleria, a high-end shopping arcade that opens directly onto the Santa Fe Plaza, connecting East San Francisco and Water Streets. The galleria is anchored by the Santa Fe Visitors Center and is populated with art galleries, specialty retail, a coffee shop and bistro.

Highlights of the commercial kitchen include:
• 10-Foot Exhaust Hood
• 4-Door Fridge and Freezer
• Single-Door Fridge
• Mini Drink Display
• Electric Stream Warmer
• 7-Foot Kenmore Freezer
• Insignia 1.5 Cu Freezer
• True® Sandwich Fridge
• 10-Top Range
• 5-Star Single Floor Stove
• Two-Bracket Fryer

About the Business

Year Established:
2017
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
695
Lease Amount/Mo.:
$3,183.32
Lease Expiration:
1/3/2022
Facilities:
This business enjoys a high-profile, central location. It’s in close proximity to most of Santa Fe’s major amenities. Parking is ample, making it convenient for the to-go service. You have the option of expanding into the neighboring space. The landlord will cover cost of improvements.
Website:
jiwangnoodleshopchinese.business.site/
Market Outlook/
Competition:
There are few prime locations right off the Plaza with lots of local and tourist traffic, that include brand new appliances and renovations. The Galleria on the Plaza is a local institution known throughout the community for its all-around friendly staff, consistently good food, prestigious retail business, and family-friendly environment.
Growth & Expansion:
New owners can grow revenue through expanding into carry-out catering and expanding menu options. The Galleria does allow Beer and Wine services and retrieving a license would be easy. There is also room for space expansion. Landlord has agreed to pay for these renovations out of pocket. An added monthly rent expense would be negotiated.
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About the Sale

Reason For Selling:
Sellers will pursue other interests.
Training/Support:
If new owners would like to keep the Chinese Noodle concept, the Seller is committed to seeing the business continue to grow and thrive under new ownership. They will negotiate a generous training and transition phase as well as leaving a book of recipes. They are planning to stay in the area and will be available for consultations after the close of the transition phase.
Seller Financing:
Over $50,000 in Leasehold Improvements

Listing Info

ID:
1550223
Ad Detail Views:
114

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Business Listed by

Michael Greene

Sam Goldenberg & Associates

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