Business for Sale Overview:
Very well-known Chinese buffet in a stand-alone building that is located right on service road of U.S. major hwy is now available for acquisition. Being in this same location over 20 years, it has established a strong customer base that generates over $1 Mil in annual sales. Considering the current bumpy economy, it is a great feat that the restaurant still generates as strong sales as before the recession. Sale includes not only the restaurant itself but also the real estate. The current market value of the real estate is estimated to be around $1 Million, and with market condition of this area, the value is expected to be appreciated.
Reason Selling: Family health issue.
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:
Located on U.S. major freeway that generates a tremendous amount of traffics a day. A gigantic pylon sign make the visibility very high from the freeway. All equipments are well-maintained.
Furniture, Fixtures & Equipment: $100,000 (Included in listed price).
Inventory: $2,000 (Included in listed price).
Real Estate: $1,050,000 (Included in listed price).
Market Competition and Expansion:
Competition: 2 direct competitions within 3 mile radius, but this restaurant has been in the market the longest and has accumulated a great reputation among these restaurants.
Growth And Expansion: With more pro-active marketing and by adding more features/food to the buffet like Mongolian/hibachi grill/sushi, it could increase its sales even more.
Reason for Selling:
Family health issue.
Additional Details:
- The property is owned.
- 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.