Prime Location Asian Restaurant

Raleigh, NC
Wake County

Prime Retail Location


Asking Price: Annual Revenue:
$199,999 $790,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Prime Location Asian Restaurant Broker: Neal Isaacs

Quick Facts

Asking Price: $199,999
Annual Revenue: $790,000
Net Profit: Not Disclosed
Cash Flow: $83,300
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 7
BBN Listing #: 153154992
Broker Reference #: 16916987-NI

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Business Overview:

After nearly 3 decades the owner of one of Raleigh's original and best Asian restaurants is ready to retire. Diners have counted on this high traffic location for years and will continue to come for the great food, friendly staff, and recently updated facilities.

$70,000+ in upgrades were just completed in January including new paint, tables, chairs, kitchen equipment, and more, this location will serve the next owner for many more decades. 3 New HVAC units were installed last year. The landlord also just put a new high quality roof on the building.

Cooks will love this spacious kitchen with a great traffic flow, tons of equipment, and several offices and a dedicated bathroom for back of house staff. Originally a Shoney's location, they don't build kitchens like this anymore! As large as Shoney's kitchens are, this kitchen was expanded even further to include space for a bakery.

Even through COVID, this restaurant has continued to serve and sales barely dipped due to its long history and great reputation.

Complete the "Contact the seller" box for an automatic NDA and check your inbox/junk mail. A full business report is available after a brief verbal screening.

Revenue and Earnings figures are from Jan-Dec 2020 P&Ls & 2018-2019 Tax Returns. Tax returns, P&L, and more available for screened buyers. Lease term stated includes options.

Inquire today, this opportunity will go fast.

Want to sell your cash flowing Triangle business? Contact us today for the VR experience and results!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Outparcel of a major shopping center Anchored by a Walmart. Neighbor to a complimentary, well known high traffic national restaurant.

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.

Relevant Links:

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