Business Overview:
Free Standing Chinese Buffet Restaurant located in Arlington is now available for sale. This full-service Chinese restaurant has been established for over 30 years at this same location. Average monthly sales in 20011 are $65,0000 and the sales are gradually increasing. Although this sale includes real estate which values $800,000, but seller is willing to sell business only for $150,000 with a monthly rent of $4,500 including triple net. They offer all-day Chinese buffet and also Korean-styled Chinese dishes which customer can order separately. The restaurant is fully-staffed with well-trained employees that enable the current owner to operation this restaurant without much involvement, but the cash flow presented is based on one owner working full-time as a manager. This is a great opportunity to buy a full-service Chinese restaurant with real estate at a price under market value of real estate. Again, business can be sold separately.
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:
5,055 square feet of free standing building with fully-equipped kitchen that has been well-maintained. If someone buys business only without real estate, this property will be leased for $4,500 per month including all triple net.
Inventory: $3,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: 1 direct competition found in this area. This is the longest-established Chinese buffet restaurant in town.
Growth and Expansion: Current owner does not any marketing. More pro-active marketing is needed to boost sales.
Reason for Selling:
Too many businesses to handle, spreading himself.
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.