Business Overview:
This space is loaded with opportunity; it is a prime location that is a highly visible and accessible site with tremendous growth potential. This location is ideal for almost any concept. The site is currently an Asian concept but might have greater potential with a concept of more general appeal and/or more focus on alcohol sales. Perfect for a Chef, Owner/Operator.
Sales: Approximately $520,000 in 2008. (Historically $850,000 annually)
Cash flow: Approximately $56,000 in 2008
Asking price: $210,000 (Or Best Offer).
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This stand alone restaurant space is approximately 3,000 square feet with a 160 person seating capacity. The space consists of a large bar & dinning area and two function rooms.
Parking: There is a private parking lot and free on street parking
Equipment: Is in good condition and has been well maintained and is of good quality.
Concept: Asian Cuisine & Cocktails
Seating: There is seating for approximately 160 persons. This seating includes two functions rooms with 30 seats each. The layout is functional and allows the seating to be used interchangeably.
Hours: 11:30 AM- 10:30 PM
Licenses: Full Liquor, TV Entertainment, C.V.
Rent: The rent is $9,000 per month
Lease: The current lease has seven (7) years remaining with renewal Options available.
Market Competition and Expansion:
Best location in town!
Reason for Selling:
Other Interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: