40 Years Est Gourmet Chinese Restaurant

Not Disclosed, FL
Palm Beach County

Palm Beach County

Asking Price: Annual Revenue:
$199,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: 40 Years Est Gourmet Chinese Restaurant Broker: Martin Berliant
Owner Financing is Available!
will accept $100,000 down from qualified buyer.

Quick Facts

Asking Price: $199,000
Annual Revenue: $1,200,000
Net Profit: $170,400
Cash Flow: $170,400
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 6
BBN Listing #: 489829831
Broker Reference #: Not Disclosed

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Business Overview:

40 Years Established Gourmet Chinese Restaurant for Sale. Outstanding location within very large and affluent community of senior-citizens. Much of restaurant’s loyal clientele is snowbirds so business is seasonal. Lease good thru 2030 with 5 year option ($8,500/month and 3,100 square feet with seating capacity of 116). Beer and wine license. Sales averaged at least $100,000/month before the coronavirus. Sales now around $50,000/month (take-out and delivery only) as restaurant is just beginning to reintroduce the dine-in option. Advertised financials conservatively represent estimated pre-virus sales and costs. Great opportunity to buy at a distressed price given how profitable this longstanding restaurant has always been. Seller will hold a partial Note for qualified buyer. Please contact Martin Berliant or email us for more information. Nondisclosure form is required.

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Reason for Selling:

Other business interests.

Additional Details:

  • The property is owned.
  • The owner is not 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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