Established traditional Chinese restaurant in Escondido
| Asking Price: | $199,000 |
| Gross Revenue: | $600,000 |
| Cash Flow: | $108,000 |
| Rent: | $4,982.95/Month |
Traditional Chinese restaurant for sale. The restaurant has been established in it's Escondido location for decades with a loyal and steady clientele. Rent is below market rate with an extensive lease in place up to 2040. Excellent restaurant for an operator interested in taking over an established business.
Asking $199,000
2633 square feet
$500,000-$600,000 annual income
$108,000 annual net profit
7 employees
$4982.95 total rent per month. (Base rent $3296.67+Triple Net Estimate $1686.28)
Lease expires 12/20/2040. The lease has 3 consecutive 5 year options. The next option starts on 12/20/2025 with the option to renew every 5 years until 12/20/2040.
Two Type 1 hoods
Four burner wok station
Frying station with 2 friers
Commercial range/oven with 6 burners
Two dishwashing stations
Dishwashing machine leased from Auto- Chlor.(Dish chemicals & soap & monthly maintenance & free service calls included)
Walk in Cooler
Walk in Freezer
One large and one small commercial under counter fridge
Four stainless steel work tables
Ice machine
Two refrigerators at server station
Large 12' x 12' storage room. Additional storage room upstairs. Two secured storage sheds at the back of the restaurant.
One commercial slicer.
One commercial mixer.
Leased commercial water filtration system.
100 seating spaces
30 parking spaces
