This Donuts & Chinese Food Shop In The Mission Could Be Yours For $220,000
Chinese food and donuts may seem like a bizarre combination of two things to serve under the same roof, but there are two such places in the Mission District. You may know of Chinese Food & Donuts at 24th Street and Mission, which is definitely still open even though Yelpers have reported it as closed. But the far better reviewed and less disgusting J. Georgie’s Donuts & Chinese Food is also still very much open, and could be yours for $220,000, according to a Craigslist ad listing the place for sale that went up Friday.
Donuts & Chinese food is for sale! pic.twitter.com/hPgO8eRSiy
— Capp Street Crap (@cappstreetcrap) January 29, 2021
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Capp Street Crap was the first to notice the listing, and Hoodline verified the availability of the cult-hit donuts and Chinese food locale today. “My parents have been in business for 26 years, they’re really old now and want to retire,” the listing on Craigslist explains. “This is sole proprietorship, price is negotiable.”
If you want to pursue your Chinese food and donut dreams, the ad promises that “All appliances, equipments, and inventory are included” and fully operational, and the place was spruced up with “Newly remodeled floor, window glass, [and] restroom in 2019,” with ADA access all fully up to snuff.
You get everything in the place as is. The deal includes a freezer, produce refrigerator, two beverage fridges, a sandwich prep station, a coffee machine and grinder, an ATM. and a California Lottery machine. The Scratcher fiends alone would surely keep you in business!
Yeah, but why are Chinese food and donuts sold together at the same restaurant? The Atlantic looked into this connection in a 2010 article, as there are many similar Chinese food and donut places in Los Angeles as well. Turns out these are primarily operated by Cambodian immigrants — not Chinese-Americans — and are intended to serve both a breakfast crowd and a lunch rush crowd.
The Atlantic also interviewed J. Georgie’s Donuts & Chinese Food owner Jolly Chan. “The rent is too high,” Chan said. “I have donuts and coffee for morning customers and around 10 or 11 start working in food.”
Yeah, about the rent — whoever buys the shop still has to pay an undisclosed sum for rent. Because if the whole building were for sale at just $220,000, someone would have already bought that place and sought permits for condos since it went up on Craigslist Friday.