Well Established Chinese Restaurant in Hobe Sound

Not Disclosed, FL
Martin County


Asking Price: Annual Revenue:
$79,000 $210,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well Established Chinese Restaurant in Hobe Sound Broker: Joshua Sagman
Owner Financing is Available!
Loan/Seller - Amount: $29,000; Months: 24; Rate: 6.00% Monthly Payment: $1,285.30

Quick Facts

Asking Price: $79,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: $54,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 5
BBN Listing #: 9597630
Broker Reference #: 6401283566

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Business Overview:

Since 1996 this very well established 2,200 square feet Chinese restaurant has been the place for fresh Chinese food in Hobe sound and the surrounding communities. The owner of this family run business is looking to retire. They did a full remodel in 2015 which included upgrades to the dining room, bathrooms and kitchen. Very favorable lease terms at only $2,400 a month. The perfect investment opportunity for someone looking to own their own restaurant, or restaurant expansion into Martin county. Additional revenue stream if you add delivery. Please refer to listing 6401283566, business broker Joshua Sagman when you inquired about this listing.

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Property Features and Assets:

Lease/Month: $2,400; Square Footage: 2,200; Building Type: Strip Mall; Terms & Options: (1) 5 year option; Expiration Date: 4/12/2020.

Market Competition and Expansion:

Non Compete : Miles: 10 Years: 2

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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