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  • Listing Number: 106-21242

  • Category: Food - Restaurant

Asking Price $399,000
Down Payment
Gross Revenue $899,000
Total Adjusted Net Income $200,000
Equipment / Fixtures $200,000
Year Established 2020
General Location Hillcrest
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Located in the heart of Hillcrest, this restaurant is a corner location with a beer and wine license (very difficult to get in Hillcrest). With an A1 hood system, grease trap, and a full kitchen set up, you should have all the equipment you need to convert to another concept, or you can keep operating as an Asian Bar. Seller wants to focus on another business. 

Gross Revenue $899,000 Listed Price $399,000
Total Income $200,000 Down Payment
Base Rent Square Feet 1800
Total Rent $7,800 Lease Expiration 12/2023
Rent Deposit $12,258 Lease Options 1, 5 year option
Inventory Not Included Leasehold Improvements $250,000
Equipment / Fixtures $200,000 Other Assets
Full-Time Employees 5 Training Period 2 Weeks
Part-Time Employees 9 Special License Required ABC 41
Contract Staff Reason for Selling Pursue other business interest

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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