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29411-RB Chinese Restaurant and Bar in Henrico, VA for $55,000

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Henrico, Virginia (Henrico Co.)   |  Food and Beverage Businesses for Sale – Bars, Taverns and Nightclubs for Sale   |  Businesses for Sale Between $50k and $100k

Asking Price:
$55,000
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Gross Revenue:
$550,000
Cash Flow:
$50,000
EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$135,000
not included in asking price

Real Estate:
 Not Disclosed

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Business Description

Price Dropped to $55,000!
Last chance to buy assets at discounted price!
(worth $250,000 in assets)
Well established Landmark Location with 80ft frontage on W Broad Street! Bar and Chinese restaurant for many years known for its quality cuisine and excellent customer service. This restaurant has a huge bar with full liquor license. The restaurant can easily convert to other food concepts or night club or party venue. Open 7 days/wk from 11:00 am - 10:00 pm.

About the Business

Year Established:
2009
Number of Employees:
9
Facilities:
A well laid out 5,000 sq/ft restaurant that is well equipped & furnished. 150+ Seats, Huge Bar, Karaoke, Sound System, Stage for Parties and Music Events! Full e-commerce website for online ordering, reservation, pickup and delivery!
Market Outlook/
Competition:
Huge opportunity to improve in office deliveries, Home deliveries, marketing & networking. Perfect location to promote happy hour, Parties and other promotions would increase sales for this already high grossing restaurant. Prime location close to busiest shopping area in region with multiple corporate headquarters and major retail with 45,000+ cars passing daily.
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks
Seller Financing:
40000.00

Listing Info

BizQuest Listing ID:
1173139
Ad Detail Views:
4347
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Business Listed by
Rupesh Bharad
Transworld Business Advisors

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U.S. Census Data for Henrico and Richmond city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Henrico and Richmond city Counties, VA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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