Business Overview:
This Chinese restaurant located in a small strip plaza and was established in 1994. The seating currently is for 45 but can be expanded to 50 seats. This is one of the first with an 'open kitchen' concept. They are operating 6 days per week. Hours are 11:30am-9:00pm.
Average yearly sales sales approximately $450,000. Operating Expenses: Cost of goods $135,000; Rent including water R.E. Tax, CAM $63,600; payroll $130,000; electric $6,000; gas $7,200; cc/bank fees $6,000; insurance $3000; phone $1,200; trash $3,000.
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:
FF&E of $100,000 is included in the asking price. Located in a small strip plaza; open kitchen concept. 6 day week; Hours are 11:30am - 9:00pm.
Market Competition and Expansion:
Growth/Expansion: The restaurant has many expansion possibilities. The menu is simple and limited to Chinese food. Add sushi, which is very popular in the area.
Reason for Selling:
Retiring
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.
Resources: