Very Profitable Asian Restaurant in Jax for Sale

Not Disclosed, FL
Duval County


Asking Price: Annual Revenue:
$80,000 $240,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Very Profitable Asian Restaurant in Jax for Sale Broker: Scott Spurlock

Quick Facts

Asking Price: $80,000
Annual Revenue: $240,000
Net Profit: Not Disclosed
Cash Flow: $48,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 3
BBN Listing #: 324318747
Broker Reference #: 7101778136

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Business Overview:

This Chinese restaurant is located in a very busy area of Jacksonville, FL. The restaurant offers traditional Chinese entrees such as Kung Pao & Sweet and Sour Chicken, Hunan & Mongolian Beef, etc. The current owner is willing to help the buyer through the transition process. This restaurant was established roughly 13 years ago. The current owner has grown the revenue every year up until last year. COVID-19 has caused the monthly revenue to drop somewhat. The revenue is poised to grow rapidly in Spring of 2021 as COVID-19 vaccine is administered to general population. The current owner is ready to retire and sell the business at a very low (pandemic adjusted) price and would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. Please refer to listing number 7101-778136 and advisor Scott Spurlock when inquiring on this listing.

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Reason for Selling:

Retirement

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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