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Business For Sale
NEW CHINESE RESTAURANT ON A BUSY STREET
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Asking Price: |
$50,000
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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Seller wants to pursue other interests |
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Year Established:
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2006 |
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Yearly Cash Flow:
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$10,000 |
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Yearly Gross Income:
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$120,000 |
Business for Sale Overview:
This Chinese restaurant is located in a busy street. Other Chinese restaurants within a mile circle are priced well over $200,000. Started by chef with limited operating experience. Anybody that has restaurant experience should be able to turn this restaurant into a cash cow.
Property Features and Assets:
The restaurant is located at a shopping plaza. Unlike many Chinese restaurant, this one is very clean. The owner owns all the facility. The industrial dish washer alone is worth more than $8,000. Plenty of parking space.
Market Competition and Expansion:
The current owner has not done enough marketing. Any new owner that understands marketing could turn this into a cash cow. Another similar Chinese restaurant half a mile away is reporting a cash flow over $100,000.
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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