Location: North Hollywood, CA
Industry: Chinese Restaurants
Listing ID: 01985362CL
Listing Status: New
Listing # - 5362 CL
Since its establishment in 1989, this Chinese Fast-Food Restaurant has been a culinary fixture in the bustling area of North Hollywood.
Situated amid thriving stores and a lively intersection, it's in an ideal location to attract a steady stream of customers.
Despite the current owner dedicating only 20-30 hours weekly to the business for over 14 years, the restaurant's strong following of loyal customers and high-volume sales yield a net monthly profit exceeding $20,000.
This is achieved through a streamlined operational model focused on food preparation, with a whopping 90% of business stemming from to-go orders, serviced by food delivery platforms and customer pickups.
The restaurant features a well-organized set-up of eight steam table stations, each with two dishes, catering efficiently to the high demand.
For dine-in customers, a spacious dining room with a capacity of 32 seats and a TV for entertainment provides a welcoming and enjoyable dining experience.
Down Payment: $398,000
Total Sales: $780,000
Cash Flow: $240,000
Accounts Receivable: N/A
Inventory Included: No
Year Established: 1989
Days & Hours of Operation: 7 Days (11am - 9am)
Owner Hours Per Week: 20 - 30 Hours
Non-Owner Payroll: N/A
Absentee Owner: No
Lease Option: 5 Years Option
Real Estate: N/A
Monthly Rent: $5,300
Type of Location: Unit in a Shopping Plaza
Square Footage: 1450
Reason For Sale: Retire