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Business For Sale
HIGH VOLUME CHINESE SEAFOOD RESTAURANT
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Asking Price: |
$179000
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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Retirement. |
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Year Established:
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1991 |
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# of Employees:
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5FT; 1PT |
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Yearly Revenues:
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$600,000 |
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Yearly Cash Flow:
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$170,000 |
Business for Sale Overview:
This is a fully equipped, high volume Chinese seafood restaurant in a shopping center on a major Boulevard in the heart of Palm Springs. It also has a full Bar (Liquor License). Seats about 180 people. This 4,800 sq. ft. restaurant was established over 20 years ago. Under current owners for 16 years. This is a well known restaurant with repeat customers. Owner is retiring. Gross revenues are over $600,000. Net cash flow over $170,000. Rent is only $3,850. This business is priced to sell. Price includes the Liquor license.
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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