Chinese Restaurant - Antioch

Antioch, CA
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Asking Price:$280,000
Gross Revenue:$918,000
Established Year:1990
Cash Flow:$133,981
Inventory:$5,000
BUSINESS DESCRIPTION

Description:

This Chinese Restaurant is an Old-fashioned eatery preparing heartly, family-style Chinese meals for dine-in or carryout. Over 33 plus years in town, a local favorite is located in a strip center anchored by major national tenant, and other local retailers. Ample parking to accommodate customers & provides an opportunity for heavy foot traffic to this restaurant. This business neighbors with plenty of businesses, residential housing, & close to the freeway, which makes it a go-to place for its local residents, the business community, and commuters. Tons of untapped potential provides the future buyer with lots of growth opportunity.

Equipment: Type-1 Hood, Walk-in cooler, Freezer, 6 Burner Range with Oven, Three Wok positions, Fryer, Cash Register, Prep tables, and much more. A full list of equipment is available with the Listing Broker.

General Information:

Organization: Corporation | Square Footage:1,480 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit | Hours: Tue to Sun 11:00 am to 8:30 pm | Reason for Sale: Other Business Interests | Seating Capacity: 60 | ABC Lic. Type-41 not part of the Sale

Lease Information:

Rent: $4000/month including NNN,

Lease Term: 5 years remaining on Sellers Lease. Long term lease possible for an eligible buyer subject to landlord approval.

Revenue:

Sales: $80,000/month (as per seller, not verified by the Broker)

Financing:

All cash/SBA



All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.


DETAILED INFORMATION
Location
Antioch, CA
Inventory
Not Included in asking price
Facilities
Equipment: Type-1 Hood, Walk-in cooler, Freezer, 6 Burner Range with Oven, Three Wok positions, Fryer, Cash Register, Prep tables, and much more. A full list of equipment is available with the Listing Broker.
Support & Training
Seller training possible.
Reason for Selling
Other Business Interests
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HARRY
SIDHU
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HARRY SIDHU