Business For Sale

Owner Retiring, Asian Restaurant Plus Real Estate

Vicksburg, MS


Asking Price: Annual Revenue:
$720,000 $870,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Owner Retiring, Asian Restaurant Plus Real Estate Broker: Austin Zhao
Owner Financing is Available!
288000.00

Quick Facts

Asking Price: $720,000
Annual Revenue: $870,000
Net Profit: Not Disclosed
Cash Flow: $313,149
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 11
BBN Listing #: 201044107
Broker Reference #: 76931-84080

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Business Overview:

This Asian restaurant was established in 1979, and was relocated in 1990 to the current location. Under the direction and management of the same head chef and owner, it continues to be profitable in its 38 years of history. Conveniently located, this establishment is easily and quickly accessible from major highway I-20. There are also a complimentary 4 casinos located approximately 15 minutes away making this fine dining location ideal for residents and casino visiting patrons. This well-known restaurant offers an excellent combination of Chinese and Japanese table served a-la-carte cuisine. Seating capacity is 120 seats in a free stand building of approximately 3500 sq. ft. on a 0.5-acre land owned by the seller. This fully turnkey establishment consists of a freestanding building with 35 parking spaces. This restaurant has two licenses; a beer and wine license and an ABC liquor license.

The business is priced at only $410,000 including FF&E of approximately $250,000 and inventory of approximately $5,000. The real estate property is valued at $310,000 according to the evaluation of the county appraisal district. It includes the land (0.5 acres) and the restaurant building (3,500 Sq ft.) on it.

The owner is retiring, the business and real estate property must be sold together. The total price for the combined business and real estate property is only $720,000. Seller's Financing is available.

A great opportunity for those who want to acquire a profitable and stable business with real estate investment.

Owner prepared to assist in the transition during a two-week period, as negotiated with the buyer.

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Property Features and Assets:

This Asian restaurant was established in 1979, and was relocated in 1990 to the current location. Under the direction and management of the same head chef and owner, it continues to be profitable in its 38 years of history.

Market Competition and Expansion:

• Profitable since it was established in 1979. • Loyal customers and excellent reputation. • Voted number 1 Chinese restaurant in town with 4.5 rating on Facebook. • Trained, experienced and stable staff. Showing Comments Potential Growth Due to the exclusive Asian cuisine, adding additional menu options to include a slightly more diverse menu to appeal to a slightly wider audience would make a great growth opportunity. Additional growth opportunities include offering additional catering and delivery options for customers, companies and local businesses. Finally, the restaurant is currently closed on Sundays, opening on Sundays would be a strong strategic move to increase weekend traffic and business sales.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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