|Established Profitable Chinese Restaurant|
North CarolinaListing DetailsOffice ID: CHINAREST1
Status: Offer Received
Listing Broker: George Bradbury
Listing Price: $120,000
Gross Revenue: $516,396
Cash Flow: $53,652
12 Month Forecast: $550,000
Forecasted Cash Flow: $65,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:Owner is retiring
Training:The owner is willing to work with buyer for 30 days to insure a smooth transition.
OperationsYear Established: 30
Last Acquired: 2011
Form of Ownership: S Corp
Employees (full-time): 10
Business Hours: Mon-Thur 11-9:30 Fri/Sat 11-10
Business Description:This is a full service Chinese restaurant and it’s best known for its modern interpretation of classic oriental dishes and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Chinese cuisine in which drives business evenly through dine-in, pick-up and delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.
Historical Summary:This Chinese restaurant has been at the same location for over 30 years. Current owner has been running this business for 7 years
Owner Qualifications:Buyer should have restaurant experience.
Competition:There are 2 other full service Chinese restaurants in a 3 miles radius.
Potential Growth:Opportunities for growth exist to increase delivery service. The business could be increased substantially by opening on Sunday. Very little advertising has been done in the last 3 years.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Expires: Dec 31, 2021
Option: 5 Year
Lease Security: $4,085
Monthly Rent: $5,060
Square Footage: 3099
Facilities:The business occupies 3099 sq. ft. in a strip center on a busy highway near many office buildings. A very large office building is being constructed within 1/4 mile of the restaurant.
Last Updated: Nov 12, 2018 / 1:24 PM
Financial Information Current as of: Apr 25, 2018 / 3:33 PM