Business For Sale Listing 119017
Asian Food Buffet and Banquet Facility
Status as of Jan-5-2009 at 06:06 PM: Active
Business Summary
This giant San Bernardino County buffet and banquet facility serves buffet style dishes from all over Asia - Chinese, Japanese, Korean and delicious Mongolian BBQ! The buffet is housed in a spacious 9,200 square foot facility set up with 3 separate rooms - a 100 person dining room, and a newly renovated 120 person banquet room with a beer and wine bar and dance floor ideal for wedding receptions, corporate events, karaoke, and other late night entertainment, and an adjacent 70 person private dining room ideal for large tour groups, seminars or corporate events. The well established business does over $1 million in revenues from the buffet's lunch and dinner business alone, only capitalizing on 1/3 of the facilities available floor space!
The 9,200 square foot facility leases for $14,300 per month (including CAM) with a lease until 2009, and 2 five year options. The sale includes a type 41 Beer and Wine license, a giant 12' x 12' (or larger) walk in cooler and walk in freezer, 7 woks, 3 deep fryers, a full oven/stove, and a 4 foot wide Mongolian BBQ Grill. Naturally, the sale also includes all necessary furniture, fixtures, equipment, buffet tables, tables, chairs, linens, etc. to accommodate 190 patrons.
This restaurant is considered the only full service local buffet and banquet facility in its immediate vicinity.
New owners may seek to capitalize on the facility's bar, and its beer and wine license, sound and lighting system, dance floor etc. by utilizing the banquet room for evening entertainment and promotions, or corporate events crowd, or to evaluate modifying the menu to include alternate food concepts, or to convert the whole facility to a new concept (e.g. an Italian Restaurant with a wine and dancing bar, a Middle-Eastern restaurant with a falafel and kebab buffet, etc.). Finally, new owners will seek to heavily market the facility, as the previous management has merely relied upon it location and reputation to attract new business.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million |
| Profits: |
Between $100 Thousand and $500 Thousand |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Less than $100 Thousand ($45,000) |
