Business For Sale

Profitable Grand Rapids Area Restaurant

Grand Rapids, MI
Kent County


Asking Price: Annual Revenue:
$249,000 $780,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Grand Rapids Area Restaurant Broker: DOUG YNTEMA

Quick Facts

Asking Price: $249,000
Annual Revenue: $780,000
Net Profit: $318,000
Cash Flow: $318,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 7
BBN Listing #: 124951991
Broker Reference #: Not Disclosed

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Business Overview:

An amazing opportunity to purchase a very well run and profitable Chinese Restaurant in one of the biggest shopping district in the Grand Rapids North East Side. This restaurant has an extremely loyal customer base. Includes a liquor license. Priced to sell at only $429,900 with 2016 earnings for the owner of $312,000! You do NOT want to miss out on this one. Growth areas include catering which the current owner is asked to do often and increase liquor sales. In 2016 only 3% of sales were from liquor. A new owner could push that and increase sales. Address on map is NOT correct. This is a confidential listing. Call agent for details.

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Property Features and Assets:

Includes liquor license.

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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