574 S Glassell Street

    Orange, CA 92866
    • $2,500,000
    • STATUS: Active
    • ON SITE: 160 days
    • ID#: WS18007204
    UPDATED: 180 min ago
    $2,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $417
      $/SQFT
    Type:
    Business Opportunity
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Yan Ching Restaurant, Mandarin & Szechwan Cuisine, open 7 day per week, Dine-in, Take out, Catering and Delivery.The building size of the property is approximate 6000SF and the size of lot is about 1 acre, a monthly rental of $ 15,000.There are 165 seats, and another banquet hall can accommodate 100 seats, 68 parking spaces.Restaurant business has been running 38 years, owner keeps in good condition, From 1979 till now, the owner has been operating carefully. The restaurant is in good operating condition with an annual turnover of $ 1.4 million and a profit of about 10%. Resale operations can continue. The property and Business together, Bundle price shell be$2.5million.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-20T00:29:45.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.gogabby.com/homes/79877498

    574 S Glassell Street Orange, CA 92866

    • Price: $2,500,000
    • Status: Active
    • Updated: 180 min ago
    • ID#: WS18007204
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    6,000
    SQFT
    $417
    $/SQFT
    1962
    Built
    Neighborhood:
    72 - Orange & Garden Grove, E of Harbor, N of 22 F
    County:
    Orange
    Area:
    72 - Orange & Garden Grove, E of Harbor, N of 22 F
    Property Description
    Yan Ching Restaurant, Mandarin & Szechwan Cuisine, open 7 day per week, Dine-in, Take out, Catering and Delivery.The building size of the property is approximate 6000SF and the size of lot is about 1 acre, a monthly rental of $ 15,000.There are 165 seats, and another banquet hall can accommodate 100 seats, 68 parking spaces.Restaurant business has been running 38 years, owner keeps in good condition, From 1979 till now, the owner has been operating carefully. The restaurant is in good operating condition with an annual turnover of $ 1.4 million and a profit of about 10%. Resale operations can continue. The property and Business together, Bundle price shell be$2.5million.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Seating Capacity 265

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Business Name Yan Ching Restaurant Business Type Restaurant Country Us Gross Operating Income 1400000.00 Leasable Area 6000.00 Leasable Area Units Square Feet Net Profit 140000 Number Of Full Time Employees 18 Number Of Part Time Employees 7 Year Established 1979 Years Current Owner 38 Zoning C1

    Listing provided courtesy of Grace Su of Meiguo Realty Grp.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-20T00:29:45.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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