Chinese Restaurant for Sale in Broward County

Lauderdale By The Sea, FL
Broward County


Asking Price: Annual Revenue:
$70,000 $253,694

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Chinese Restaurant for Sale in Broward County Broker: Ken Eisenband
License #: BK3249847

Quick Facts

Asking Price: $70,000
Annual Revenue: $253,694
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 7
BBN Listing #: 26428096
Broker Reference #: 7301

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Business Overview:

Chinese Restaurant for Sale in Lauderdale by the Sea, Florida has built in customer base, fully equipped commercial kitchen, and priced to sell. Buy this Chinese restaurant for sale, offered by We Sell Restaurants, and take advantage of Florida’s quality of life.

The Chinese restaurant for sale has been in operation since 2004. The current owner has been in place since 2016. The seller is set to retire and has set the listing price for a fast sale. The Chinese restaurant for sale serves the 1,000’s of residents living in condominiums by the beach, 1,000’s of tourists that flock to the area throughout the year, and the employees who work in the near vicinity. Due to geographical limitations, there is very little competition for this shopping center and this business in the area. The Chinese restaurant has more than $250,000 of sales on the books.

The Chinese restaurant for sale is housed in a 1,260 square foot space that has seating for thirty-eight guests inside and another four guests outside. The restaurant is full service and has waitress service. Pick-up and delivery are very popular. You can easily increase sales and profits by contracting with third party services such as door dash, uber eats, etc. to accept orders and handle the delivery for you. The shopping center is anchored by Publix and a national pharmacy. National and local restaurants, retail and service providers make up the remaining tenants. The multi-use center has more than 90,000 square feet of rentable space and is located on A1A, close to the beach. More than 98,000 vehicles pass the center daily. The demographics are very strong. In a three-mile radius, the population is 87,849 with an average household income in excess of 90,000. 1,000’s of customers lives within walking distance. The monthly rent is $4,660 including all CAMS and Taxes. The lease expires on September 30, 2024.

The fully equipped commercial kitchen has it all for this Chinese Restaurant for sale, featuring a 24 - foot exhaust hood, inground grease trap, and walk-in cooler. The cooking equipment includes 5 wok cookers, two fryers, four-eye burner with stove, and a rice cooker. The refrigeration equipment is all commercial grade. The front of house is set up nicely and accommodates 38 guests in a mix of tables and booths. Two additional tables are set up outside.

The current menu at this Chinese Restaurant for sale includes all your favorite Chinese dishes and other Asian specialties. All recipes will transfer with the sale of assets and the seller will offer two weeks of training at no cost at the time of sale.

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Property Features and Assets:

2 Outdoor Tables 4 Outdoor Chairs 26 Chairs 8 Tables 3 BoothsTables 2 Booth Seats POS Register 2 Utility Cart Small Cooler Steam Table with 3 Hotel Pans 2 Fryer 5 Wok Cooler 4 Eye Burner with Stove 3 Fryer Chest Rice Cooker 4 Prep Table Walk In Cooler Three Door Sandwich Cooler Two Door Stand Up Fryer Dish Machine Three Compartment Sink Low Boy Cooler

Market Competition and Expansion:

Located very close to the beach there is very little competition in the area for Asian and Chinese food. Utilize third party delivery services to reach 1,000's of tourists and locals who either visit or live in the area.

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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