Profitable Chinese restaurant with established customer base
| Asking Price: | $179,000 |
| Gross Revenue: | $1,020,000 |
| Rent: | $10,453/Month |
| Cash Flow: | $180,000 |
| Inventory: | $5,000 |
| FF&E: | $10,000 |
Long established local restaurant with steady income
This is a rare opportunity to purchase an existing and profitable Chinese restaurant located in Santa Clarita, an affluent suburb in the greater Los Angeles area.
In operation for decades, this restaurant is a staple in the local Chinese restaurant scene. The location is situated in a well maintained and busy shopping plaza right in the center of a regional retail hub with easy access to the I-5. The business has a well established and predictable customer base and is located in In operation for over 15 years and with the sellers looking to retire, this is a great opportunity for an new owner!
• ASKING PRICE $179,000
• ~2100 Square Feet Restaurant Space
• Fully Equipped Commercial Kitchen
• 24 Foot Type 1 hood range and two swamp coolers on roof
• Walk in Cooler, 2 Refrigerators (one purchased in 2023)
• Five wok stoves and two frying stations and one oven stove
• Total monthly rent is $10,453 including NNN and water
• Type 41 ABC License included
• Two bathrooms within the restaurant
• Well established restaurant with steady clientele
• ~$80,000-90,000 average gross monthly revenue
• ~$15,000 average monthly net profit with great upside
• Affluent suburb 30 minutes from Downtown Los Angeles
• Located in a busy and well managed plaza
• Situated centrally in a large regional retail hub
• Located within close proximity to I-5
