Asian Fusion Restaurant For Sale In Philadelphia
Philadelphia, PA Philadelphia County
Seller's Contact Information
- RE: Asian Fusion Restaurant For Sale In Philadelphia
- Contact: Steve Weinbaum
Quick Facts
| Asking Price: | $199,000 | |
| Annual Revenue: | $965,856 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $43,180 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 15 | |
| BBN Listing #: | 32358096 | |
| Broker Reference #: | 9704 |
Business Overview:
Outstanding Philadelphia Asian Fusion Restaurant for Sale. Open only two years, this location is completely turn-key. Sales continue to grow month-over-month with quarterly sales now surpassing $250K and Annual 2022 Revenue of just under $1 Million. Q4 2022 Owner Earnings, adjusted for non-recurring expenses, is $30,000 with annual 2023 earnings projecting to be in the six figures. Semi-Absentee owner allows for a Full Time Owner Operator to Drive Additional Earnings. Owner Will Consider Some Seller Financing.
You are the missing piece to this Asian Restaurant for Sale's success! We've got great news. You can be instrumental in seeing this opportunity grow and flourish under your ownership. Bring in new customers through your restaurant experience, leadership skillset & work ethic, and watch your sales grow even more than this popular and profitable restaurant is already experiencing with monthly average sales approaching $90,000. The restaurant serves delicious and fresh fast casual Asian fusion dishes in a casual atmosphere.
Everyone knows that in the last few years rents in major cities have gone through the roof and the cost of new equipment and construction is at an all-time high. Plus, you can spend way more than $199,000 to open a new restaurant with no guarantees of success. The lease rate at this Restaurant for Sale is already in place just $11,500 per month for this 1600 square foot space plus 800 Square Feet Basement. The current lease is valid through the end of 2024 with a 5-year option to renew. Being only two years old, you know the location and equipment are in great condition contact The Restaurant Brokers at We Sell Restaurants for more information on this great deal!
Located just steps from Philadelphia famed shopping, dining, and lifestyle neighborhood, 'Rittenhouse Square' in the heart of the office district where tens of thousands of the cities professionals break for lunch and dinner each day and companies provide catering for their teams. The restaurants' interior design and brand identity were done by top architecture and design firm. This Restaurant for Sale has a comprehensive online ordering, marketing, and loyalty platform with over 10,000 users.
With the last two quarters showing sustained sales growth and Seller Discretionary Earnings of around $10,000 per month, this one shouldn't last long. The Sellers of this Restaurant for Sale are selling fast to focus on other business ventures and are even willing to consider some seller financing.
If you are a natural-born entrepreneur, with the drive to succeed and you have spent years working for someone else, then now is the time you took charge of your own destiny! We bet there is something inside of you wanting this opportunity, so don't let anything stop or hold you back! This Asian Restaurant for Sale is your chance to finally realize your dream of ownership.
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Property Features and Assets:
4 x Four-top quartz table 5 x Two-top quartz table 1 x Six-top quartz table 14 x Chairs 10 x Stools 1 x Walk-in fridge 1 x Walk-in freezer 2 x Refrigerated mega top sandwich prep table 1 x Six-drawer refrigerated chefs base 1 x Undercounter fridge 1 x Undercounter proofing cabinet 1 x 20qt dough mixer 1 x Countertop reversible dough sheeter 1 x Rational combi oven 1 x Flat top grill 2 x 40lb deep fryer 1 x Six-burner range 1 x Ice maker 1 x Robot coupe immersion food processor 2 x Toast flex POS terminals 4 x Toast kitchen display screens 3 x Kitchen ticket printer 2 x Receipt printer 1 x Toast network router 1 x JOLT ipad and zebra food label printing system 1 x JOLT ipad digital checklist system 1 x ScentAir scent diffuser 1 x Stereo system w/ CloudCover music management device 1 x Hikvision IP camera system w/ NVR 2 x Honeywell smart wireless controlled/locked thermostats 1 x HP Inkjet printer 1 x USB thermal label printer
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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