Business For Sale

Well-Established Upscale Chinese Restaurant

Not Disclosed, UT
Utah County


Asking Price: Annual Revenue:
$350,000 $551,072

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well-Established Upscale Chinese Restaurant Broker: Art Warsoff
Owner Financing is Available!
$175,000.00

Quick Facts

Asking Price: $350,000
Annual Revenue: $551,072
Net Profit: Not Disclosed
Cash Flow: $234,344
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 13
BBN Listing #: 794050336
Broker Reference #: 15541-942845

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Business Overview:

This restaurant has been in business for over 12 years with a dedicated, repeat customer base. The business is located in a high-traffic location close to higher-end retail and office parks in Utah County. The restaurant specializes in dishes that are made to order, including “design your own” dishes. The atmosphere is Asian-modern with a fine dining atmosphere while still being family-friendly.

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Property Features and Assets:

The restaurant opened in its current format in 2006, and the original owners are still managing and operating the business.

Market Competition and Expansion:

There are approximately 13 other locally-owned Chinese restaurants within a five-mile radius of this restaurant, as well as a P.F. Chang’s. There are other fast-service Asian restaurants nearby but are not considered competition. This establishment has a beer and wine license, unlike many of the other Chinese restaurants in the area. This is a great opportunity to take a successful restaurant and build on the current model! Growth will come from a more robust online presence, marketing for takeout/lunch traffic, and adding delivery options.

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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