Seller's Contact Information
- RE: Over $million Gross Sales, Restaurant For Sale
- Contact: OBecky Smith
Quick Facts
| Asking Price: | $290,000 | |
| Annual Revenue: | $1,036,341 | |
| Net Profit: | $270 | |
| Cash Flow: | $270,320 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 35,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1984 | |
| Employees: | 11 | |
| BBN Listing #: | 825351531 | |
| Broker Reference #: | DSMXMY |
Business Overview:
Fully equipped and very profitable Asian restaurant. Almost 40 years established at this location. If new owner wants to keep the same concept, the new owner would be enjoying quite a large repeat customer base. That’s almost 40 years’ worth of a customer base built up for you. With very limited to NO similar competition in the area. This means great profits for you from day one.
This restaurant and lounge did over a MILLION dollars in sales last year. This is NOT your small Asian restaurant in a typical shopping plaza, there is so much more being offered here.
3400 square feet, private booth seating, even has a private banquet room (great for business meetings, private parties, other get togethers) 150 plus on the seating capacity, type 1 hood and walk in refrigeration.
It’s all here to include a full bar, with private entrance and lounge area that is separate from the rest of the restaurant. This bar/ lounge and restaurant is established as a local hangout, lots of regulars. Has TV sports on 5 TV’s throughout bar/lounge and restaurant.
This restaurant consistently does over a $100K per MONTH in sales. (Now I know that sales number tastes good on any owner’s dish). Established and well known for lots of good food, drink and friendly faces. Solid location too as this is location is on the busiest street in town.
Easy in and out for your customer base. Lots of free parking, huge shopping center parking lot. Solid anchor businesses all along this street and surrounding this business help to ensure this area stays HOPPING with people giving your business the business ($$$). (Now, that’s what I’m talking about).
With this fully equipped restaurant you can pretty much prepare just about any type of food. Loaded with lots storage space too. So, the CATERING dollars been there and are doing that.
Buying this business is much more than just buying these physical assets. The seller here has done a great job and they are willing to TRAIN the new owner to be highly successful too. Think about it 40 years of solid business and sales this owner has a lot to say and teach but it all starts with you stopping by for lunch or dinner.
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Property Features and Assets:
This lease is very attractive with the monthly lease of $5,900 per month. Lease expires August of 2024 and has 2 five-year options to renew. 3400 square feet, private booth seating, even has a private banquet room. 150 plus on the seating capacity, type 1 hood and walk in refrigeration. All furniture and fixtures kept up to date, not showing any signs of wear and tear. It’s all here to include a full bar, with private entrance and lounge area that is separate from the rest of the restaurant. Lots and lots (hundreds) of free parking available. The boxes are all checked as far as great signage and visibility from the street.
Market Competition and Expansion:
Great location that is established and restaurant is fully equipped, the strong business foundation is all set up for you. Just follow the winning plan that the seller has established, and you will be making great sales from the first day you take over. It should be noted that the current owner did and does NO marketing or advertising. NO presence on social media and other than their website makes no effort to go after and increase their catering dollars. Because this is not a franchise new owner can alter the menu or décor to fit their business plan. So, there are many ways to put your own taste here. For the right buyer and the right offer some seller financing may be acceptable. E2 Visa buyers that’s a YES, can do.
Reason for Selling:
The seller wants to retire
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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