Owner Financing is Available
Business for Sale Overview:
A stone’s throw from Lake Michigan is a Pan-Asian restaurant, quaint in size but huge in flavor … you can even pick your own spices, ingredients and have them cooked to order. Or you can simply choose straight from the menu from several unique meat/fish/vegetable combinations. Their eggrolls/springrolls will tantalize your tastebuds and have been voted the finest along the lakeshore.
In 2007, the owner opened this, his second operation, in his hometown concurrent with running his upscale seafood/chophouse about 30 miles downstream. He finds himself spread so thin that he would like to sell in order to focus his efforts on his popular, highly reputable larger establishment.
State of the art equipment easily estimated at $180,000 is less than 3 years old, and fits nicely into this 1,300 sq. ft. leased space where the monthly rent is a paltry $1,300. Two full time managers and several part time employees run an efficient operation seven days a week. Experiencing almost a year’s delay for his Class C liquor license to transfer, a new owner benefits right out of the chute, in offering spirits, beer and wine.
Sales, and only 7 months of selling adult beverages, topped $500,000 in 2008, with cash flow of $95,000. Sales in 2009 are tracking on par or slightly ahead of ‘08 as of May 31st. For additional information please contact Kathy McKee.
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.
Reason for Selling:
Owner has another restaurant 30 miles away and it is too hard to try and run both at same time.
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.