Business For Sale

Business Overview:

This Chinese restaurant with a full liquor license and excellent rent has been a popular staple in Palm Springs for over 20 years. The restaurant, known for its authentic Chinese and seafood cuisine, is a favorite among seasonal snowbirds, and contracts with summer tour bus operators to provide weekly lunches for visiting tourists. The conveniently located shopping center is anchored by a major grocer and has plenty of parking. The restaurant has a seating capacity of 180 persons and a versatile layout that includes a private party room, walk-in refrigerator and freezer, and plenty of storage and office space.

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:

This 4,800 square foot facility leases for $5,000 per month including CAM ($1.04 per square foot!). The lease has 5 years remaining and the landlord will most likely extend the term as they have been there for over 20 years. The sale includes all the assets of the business including the furniture, fixtures, kitchen equipment, liquor license, name, menu and goodwill.

Market Competition and Expansion:

Competition is medium as other restaurants exist in the area, however this restaurant’s reputation and track record set it apart from others trying to compete for market share. The business has a lot of potential and room to grow. This business has an excellent location, exposure and low rent, and could thrive as a number of other concepts that capitalize on the liquor license, such as a sports bar, grill, or fine dining. A new owner may also seek to capitalize on the business’s history of goodwill and continue with the Chinese and seafood concept.

Reason for Selling:

Moving

Additional Details:

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