Thousand Oaks Asian Restaurant - Business For Sale

BizEx115-KC: Thousand Oaks Asian Restaurant

Background:

General Location:	Newbury Park , CA
Category:	Retail > Restaurant
Years in Business:	4.5
Under Present Owner:	4.5
Hours of Operation:	M-Sat 11-9 Sun 4:30-9
Owner Hours:	Full time/ 40hrs
Training:	2 weeks, 20 hours/week
Organization Type:	Partnership
Lease Expiration:	July 31, 2014
Lease Options:	two at 5 years each
Building Size:	1,270 sqft
Employees:	4 FT; 2 PT

Reason for Sale:
partnership dissolution

Financials

Asking Price:	$140,000
Down Payment:	$140,000
Gross Sales:	$300,000
Discretionary Cash Flow:	$60,000
FF&E:	$ 120,000
Inventory Included?	Yes
Inventory:	$ 2,500
Minimum Operating Capital:	$ 15,000
Real Estate Available?	No
Real Estate Asking Price:	$ 0
Rent:	$ 4,960/month
Payroll:	$ 6,172/month
Financing:	Call

	*None...*	*None...*	*None...*
Gross Sales	None...	None...	None...
Gross Profit	None...	None...	None...
Disc. Earnings	None...	None...	None...

* YTD as of None..., ** = Prorated.

Broker Info

Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale is a nice small Chinese restaurant located in Ventura County. This new looking establishment has been operating for the past five years building up a loyal clientele. Type 41 liquor license is included in the sale along with operating inventory. This would make for a great family business or owner operator. Owner is motivated to sell so bring all offers. For more information please go to www.bizex.net and "register". You can also contact Kendric Foultz directly at 310-968-2369.

More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.