#5857
Marin County

Great western Chinese restaurant with fantastic Yelp reviews

$88,000
In Escrow
Great western Chinese restaurant with fantastic Yelp reviews



ADD TO FAVORITE

30 year established Chinese restaurant for sale in Novato shopping center near IHOP, Panera, Target and Costco. Good quality western chinese foods with lots of good Yelp reviews. Clean and spacious dining area with 105 seating and a big kitchen. The kitchen come with 2 hood with each at least 10 feet size, large prep table, walk in cooler, walk in freezer, 2 deep fryer, grease trap, WOK, 4 burner stove, ice machine, Hobart mixer, and much more. Seller is retiring. Was doing $95,000-$110,000 a month before the pandemic. Lease amount is $14,276.93 all inclusive. Approximately 2900 sq ft with ADA restroom and beer and wine license

This is a The Real Estate Discount Concept listing.
Commercial Realtor Tommy Tran DRE License #01439113

Lease

Region:
Marin County
Lease Term:
There is 1 year left on lease
Total Monthly Rent:
$14,277

Operations

Liquor License:
41
# of Full-Time Employees:
10
# of Working Owners:
1
Hours Open:
Open 5 days a week during pandemic
Year Established:
30 years
Hood System Type 1:
Yes

Facilities

Indoor Seating:
105
# of Parking Spots:
shopping center
Inside Sq. Ft.:
2,900

Highlights

  • Can convert
  • SBA loan approved

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 17,480 59,644
Households 3-mi. 5-mi
2010 Number Of Households 6,702 23,037
2010 Persons Per Household 2.55 2.52
Median House Value $619,200 $585,698
Income Per Household $83,026 $80,368
Businesses 3-mi. 5-mi
2009 Number Of Businesses 707 1,736
2012 Number Of Employees 17,380 42,478
2012 Total Annual Payroll $388,224,000 $1,239,077,000

click for more demographic info

Disclaimer

The information contained in this offering profile was provided by the Seller and is believed to be accurate. EXP Commercial of California, Inc  its agents, brokers, managers, employees have not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness whatsoever.  You are responsible for performing a thorough due diligence of the business before consummating a transaction. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer.  Please note: (1) Sq. ft. is estimated (2) Annual Payroll is last year's and does not include any owner wages. 

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