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Business For Sale
UPSCALE ASIAN REATAURANT
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Asking Price: |
$220,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Other Business Interest |
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Year Established:
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1984 |
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# of Employees:
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6 Ft + 4 PT |
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Yearly Revenues:
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$500,000 |
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Yearly Cash Flow:
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$70,000 |
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Yearly EBITDA:
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$70,000 |
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Yearly Net Profit:
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$70,000 |
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Yearly Gross Income:
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$500,000 |
Business for Sale Overview:
Upscale 180 seat upscale Asian Restaurant featuring Chinese, Korean, Sushi, & Szechwan crusine plus Beer & Wine. The sushi bar itself will seat up to 12, one section of the Restaurant features Tables with Grills in the middle, and there is 2 hot and one cold Buffet Tables for the Lunch Buffett the Restaurant features. Two seperate Kitchens,with a 18 x 18 Walk in Cooler.
Property Features and Assets:
Restaurant is located in a strip shopping Center with a couple of National chain stores and other retail outlets. Approx. 100,000 cars a day pass buy this Center. The Restaurant occupies 4700 Sq. Ft. with a monthly rent of $5350.00 The present lease goes until 2010, plus they have a 3 year option after that. The Restaurant has been at this same location for 23 years.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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