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#Business ID: 17008

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Great Chinese Buffet / Catering / Dining And Banquet Restaurant In Kern County

Business Location: Central Calif Area, Kern, California, United States

Asking Price: $ 495,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

Financials

FF&E: $100,000
Inventory: $5,000
Inventory Included?: No
Gross Sales: $120,000/ mo
Net Profit: $18,500/ mo
Annual Net Profit: $222,000

Property Info
Size: 16,000 Sq. Ft.
Rent:$10,000/ mo.
Expires: 2019
Option(s): 5+5
Terms: NNN
Misc. Info:

Great Chinese Buffet, Catering, Dining and Banquet Restaurant in Kern County, CA/ This restaurant is located in the heart of the City along two major freeways, nearby many businesses and residences. Established over 30 years serving Buffet, dine-in, take-out,catering and banquets. Business is located in a 16,000 sq ft stand alone structure with large parking lot. The restaurant is well known in area for quality food and great service - the business is Family run and they are looking for a knowledgeable replacement that will continue the tradition of good quality service. The Sellers own the real estate and will give a long term lease.

Location:

The business is located in the Central Calif Area. It is Contact Lister for Directions There is Seating for 250. Parking: Ample - large Lot Days/ Hours of Operation: Sun - Thur 11AM - 9PM; Fri/Sat 11AM - 9:30PM.

Organization:

The business is organized as a S-Corporation. It was established 28 years ago and the current owner has been in place for 28 yrs. It employs 25 full time employees and part time employees. Licenses required for operation: Business.

Property Details

Years Established:

28 years ago

Property Type:

Lease

FF&E:

$ 100,000

Inventory Value:

$ 5,000

Other Business Details

Premise Details:

16000 Sq. Ft.

Business Operation Details

Employees:

25 full time employees and part time employees.

Trading Hours:

Sun - Thur 11AM - 9PM; Fri/Sat 11AM - 9:30PM

Miscellaneous Details

Reason For Selling:

Health and Retirement

Contact this seller

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