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Agnostic

Price Reduced- Chinese Restaurant, Property, Bar & Apartment Rental Income Ad#F467P

Solvang, CA, USA
Updated 18 hours ago

MONTHLY GROSS: $165,000 MONTHLY RENT: $12,000 LEASE TERM: NEGOTIABLE WITH LANDLORD STORE SIZE: 3,080 SQFT. APT 1 SIZE: 680 SQFT. APT 2 SIZE: 740 SQFT. SEATING CAPACITY: RESTAURANT 125.BAR 24. OPEN HOURS: 11:00AM-12:00 AM MON-SUN. EMPLOYEES: 12 FT. 6 PT. WAGE: $45,000/mo. BUSINESS AND PROPERTY CAN DO SBA LOAN. SAME OWNER FOR 30+ YEARS.OWNER IS RETIRING. LOCATED ON MAIN STREET AT CITY OF SOLVANG. ONLY DINE-IN CHINESE RESTAURANT IN TOWN. HAS FULL BAR & RESTAURANT.HAS FULL LIQUOR LICENSE. ONE OF THE ONLY TWO BARS IN TOWN.TYPE 47 LICENSE. RESTAURANT BUSINESS CAN BE SOLD SEPARATELY. FAMOUS DANISH TOWN WITH LOTS OF TOURISTS EVERY YEAR. HAS TWO APARTMENT 2ND FLOOR.1 BED 1 BATH EACH.680 SQFT.740SQFT. EXTRA INCOME FROM APARTMENT TENANTS $1,300/MO + $1,800/MO=$3,100/MO. NET INCOME: $50,000/MO. + $3,100/MO.RENTAL INCOME. ASKING PRICE: $500,000+INV. RESTAURANT ONLY. MIX USE PROPERTY: $1,800,000 (BUILDING INCLUDES RESTAURANT, BAR, APARTMENT BUSINESS WITH PROPERTY TOTAL: $ 2,300,000 + INV.(PRICE REDUCED)

Wage

$45,000/mo.

Employees

12 FT. 6 PT.

Net Income

$50,000/MO. + $3,100/MO.RENTAL INCOME.

Open Hours

11:00AM-12:00 AM MON-SUN.

Store Size

3,080 SQFT.

Monthly Rent

$12,000

Monthly Gross

$165,000

Property Status

For Sale

Seating Capacity

RESTAURANT 125.BAR 24.

Financials

Asking Price
$500K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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