Business To Buy

Chinese Grill Restaurant with 6 Takeout Delivery Platforms - Alhambra and Arcadia area of SGV

Los Angeles, California
Authentic Chinese grill restaurant is for sale and located in one of the most desired commercial plazas in a heavily Asian populated area. It features a wide variety of kebob/grill and a full-service menu offering choices of seafood, meat, noodles, hot pot, and veggies. Dedicated customer base, especially the young people, has been growing steadily since its inception due to its trendy food. The restaurant not only stood up well to the pandemic but presented huge growth in 2020 fiscal year with $873k in sales and $293k adjusted net. They have partnered 6 delivery/takeout platforms, including Uber Eats, DoorDash, and HungryPanda, becoming one of hottest restaurants in the area. The only reason for the sale is owner was burned out by the increased business and wanted to take a break.

Business Highlights:

Premises of 721 sq ft with a base rent of $3,220 including water
Lease is good through 2023
Partnership with 6 delivery/takeout Apps with high ratings
Newer freezers, refrigerators, and other equipment
Approximately $25,000 worth of FF&E included in the selling price
Huge potential for further growth
Business name and menu are included in the selling price
Owner will train and is willing to stay on for a short while
No grease trap

Disclaimer: The information herein has been supplied to Broker by the Seller. Broker believes the information to be correct but has not verified the information and makes no representation as to its accuracy, completeness or reliability. Broker and its agent Expressly Disclaim any and all liability for the representation of the warranties, express or implied, contained in such information or for omission from them. It is buyer’s responsibility, with the aid of appropriate professionals, if necessary, to perform independent due diligence to verify all the information prior to purchasing the Business.

For more information, please contact Iris Chen at (626) 506-0300 or email her at iris.chen@sunbeltnetwork.com.

Financials

Price: $289,000
Gross Income: $873,000
Cash Flow: $293,000
FFE: $25,000
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #1838-IC
Year Established: 0
Financing:
Training: 2 weeks @ 20 hours per week
Facilities:
Competition:
Growth:
Business Listed By
Name:
Company: Sunbelt Business Brokers Pasadena
Phone: 626-395-0717

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