Well-established Profitable Asian Restaurant

Springfield, MO
Greene County

Located on one of the busiest streets in the city.


Asking Price: Annual Revenue:
$385,000 $657,581

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well-established Profitable Asian Restaurant Broker: Bret McGowne
Owner Financing is Available!
The seller will consider providing some owner financing if required by the SBA lender.

Quick Facts

Asking Price: $385,000
Annual Revenue: $657,581
Net Profit: Not Disclosed
Cash Flow: $154,745
Total Debt: Not Disclosed
FF&E: $16,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 16
BBN Listing #: 788734791
Broker Reference #: 42500013

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Business Overview:

This well-known, popular Asian restaurant opened over 15 years ago, and takes pride in offering dishes that taste great and that are served by friendly staff members. The restaurant draws customers from as far away as Branson and northwest Arkansas.

The business has a 4.4 out of 5 rating on Google and a 4.5 out of 5 rating on TripAdvisor.

This business qualifies for SBA financing because it has good books and records and is priced appropriately for its Discretionary Earnings, also known as Total Owner Benefit or Normalized Cash Flow. Click on the link for a definition of Discretionary Earnings.

Buyers who are able to purchase a business with an SBA loan enjoy a lower required down payment and longer repayment term than with other financing options.

This business has recovered nicely from the impact of the Covid pandemic, with sales in 2021 exceeding sales in pre-Covid years.

Full service menu for dine-in or carryout.

This is a professionally managed restaurant with much upside potential operated by an owner who wishes to retire. If you think the business might possibly be a fit for you, do not hesitate to take the next step of requesting more information.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The restaurant is operated in a strip mall on one of the busiest streets in the city. The leased space is approximately 3,010 square feet. The restaurant can seat up to 120 people. Parking is shared with the other strip mall tenants but is adequate. An offer to purchase a business operating from leased space should always contain a contingency clause stating that the purchase will be contingent upon the buyer being able to obtain a lease satisfactory to them in all respects.

Market Competition and Expansion:

The restaurant has normal competition in the area.

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.

Documents:

Relevant Links:

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