Business for Sale Overview:
Located in a prime night life area where the traffics are high and the orders are in for good Chinese Foods. It has been in business in same location for 26 years and they have remodeled the place about 10 years ago. The original rent is actually $7,000 including NNN but for one full year the landlord has given them some break due to the recession. 50% of the business is dine in and another 50% of takes outs and deliveries. There is no catering. There are 6 full time and 6 part time but 4 of the part time are the waiters and waitress and they take $2.15 plus tip.
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 business is situated in the end cap of the building for a best visibility and there are plenty of parking spaces. It is surrounded by many businesses and the traffic is high. And you will be amazed by how clean and new the kitchen looks and feels like compare to what year this business was opened. All the equipments in the kitchen are in great condition and there are plenty of room for the cook and the helpers to create great Chinese food.
Furniture, Fixtures & Equipment: $50,000 (Included in listed price)
Inventory: $4,000 (Included in listed price).
Market Competition and Expansion:
Competition: There are other food restaurants but there are no other Chinese Food Restaurant in the area.
Growth and Expansion: The current owners have never done any marketing or advertisements for this business. If new owner be more pro-active on the marketing or advertisements it will help increase the sales. Another good potential is the catering. Current owners don’t do caterings; the new owners could capitalize on it if he or she chooses to do so.
Reason for Selling:
The owners want to retire
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.