Asian Restaurant for Sale in Colorado Springs

Colorado Springs, CO
El Paso County


Asking Price: Annual Revenue:
$150,000 $952,540

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Asian Restaurant for Sale in Colorado Springs Broker: Bob Steinberger

Quick Facts

Asking Price: $150,000
Annual Revenue: $952,540
Net Profit: $95,370
Cash Flow: $121,357
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 13
BBN Listing #: 53848096
Broker Reference #: 7494

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Business Overview:

Asian restaurant for sale in Colorado Springs nets owner over $120,000 in discretionary earnings. Motivated Seller who wants to retire - bring all offers. Owner nets over $120,000 on sales of almost $1M. Selling at way, way, less than two times earnings! This Asian restaurant for sale is established and has been profitable since the Seller opened it in 2003. It is located in an 3000 square foot end cap space in a busy, very well maintained center with great visibility, access, parking and signage. The center is anchored by a Safeway grocery store and contains several other national chain restaurants as well as banks, specialty shops and other (non competing) restaurants. The center has excellent demographics and traffic counts. The well lit, clean attractively decorated dining room in this Asian Restaurant for Sale seats 120 and is open for lunch and diner seven days a week. However early closing hours of 8:30 (even on weekends) still offers the owner quality of life. It has a full liquor license. The current owner has a year-to-year lease so a new lease would have to be negotiated. The landlord is local and easy to work with. Current rent is $8946 per month including all CAMs and trash removal. Contact We Sell Restaurants for more information. The fully equipped commercial kitchen has it all including a large 20-foot hood, grease trap, fryers, 4 eye burner and a wok set up for 1 large and 5 smaller woks. There are rice cookers, rice holders, meat grinder, slicer, microwave as well as plenty of hot and cold storage. In addition there is a large walk-in cooler and freezer. The dishwasher and ice machines are owned, not leased. Just when this deal could not get any better the Seller will include all inventory in the sale of this Asian Restaurant for Sale. Good books are in place that clearly show earnings in excess of $120,000 on sales of almost $1M last year at this Asian Restaurant for Sale. Sales have increased about 10% each of the last three years. Seller financing could be available to a qualified Buyer with 50% down and the business has been preliminarily qualified for a SBA loan by one of We Sell Restaurants preferred lender for only 20% down. The Seller is retiring after operating this business successfully for 17 years and is anxious to pass this business to a new owner. There is still plenty of room for growth as the business currently operates with no website, Facebook page, advertising or delivery option! A new owner could easily add $200,000 in sales and corresponding profits their first year. Don't miss out - this deal will not last long.

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Property Features and Assets:

FOH Hostess stand Alarm system booth in hostess area 7 4 top tables 4 6 top tables 8 4 top booths 2 6 top booths glassware plateware silverware misc decor telephone BOH Hot tea machine 1 rice cooker 3 rice warmers SS tri sinks dishmachine garbage disposal dish racks trays ice bin 2 blenders 2 door glass reach in ice machine misc storage shelves heat lamps steam table microwave 2 fryers 4 eye burner reach in cooler reach in freezer 1 lg wok station 5 sm wok stations smoker 2 sandwich prep coolers SS prep table Prep Area meat grinder slicer SS hand sink walk in cooler and freezer misc food storage Misc food prep utensils veg prep sink misc pots and pans

Market Competition and Expansion:

End cap location in very busy, well maintained strip center. Great location, access, visibility and signage. There is a Thai restaurant in center but new owner could negotiate lease restrictions for other Asian restaurants.

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.

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