Chinese Restaurant - High Income Area, Great Food!

Chalfont, PA
Bucks County

Suburbs of Philadelphia, near Lansdale


Asking Price: Annual Revenue:
$60,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Chinese Restaurant - High Income Area, Great Food! Broker: Chao Pu

Quick Facts

Asking Price: $60,000
Annual Revenue: $500,000
Net Profit: $30,000
Cash Flow: $30,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 7
BBN Listing #: 221457648
Broker Reference #: Not Disclosed

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Business Overview:

Chinese Restaurant operating for over 20 years with a loyal customer base and reputation for delicious food and wonderful service. Over 70% of the business is take-out and the rest is dine in with about seating for 100 patrons. Gourmet Wok is an upscale experience at an affordable cost. The area is located near Lansdale in a high income neighborhood, around $120,000 average household income. The school district of North Penn and Central Bucks attracts many new families to the area and a lot of new homes are being built. The residents are very open to new cuisines as well, so adding Japanese, Thai, and Vietnamese or Szechuan would be a perfect complement. The monthly average revenue is around $40,000-$50,000 and very steady. Please contact me with any questions, I speak Mandarin and English.

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Property Features and Assets:

Full kitchen with all equipment, and full dining room with tables, chairs, utensils, drinking glasses, wine glasses.

Market Competition and Expansion:

Moderate competition, able to expand by adding other cuisines and/or delivery service.

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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