Asian Restaurant for Sale in Amazing Colorado location

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Asking Price:
$180,000

Gross Revenue:
$358,149
Cash Flow:
$79,701
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Asian Restaurant for sale in Boulder County Colorado features Incredible Location and an unbeatable lease. Location includes all utilities and a one-bedroom apartment!
This incredible end cap Asian restaurant for sale is on one of the busiest streets in Longmont, with over 14,000 cars passing by daily! Longmont's demographics and reputation add to the grandeur. Longmont has been recognized as one of the safest cities in Colorado, with a population near 95,000 and the mean household income exceeds $83,000.
Denver is just 30 miles away and the Rocky Mountain National Park is about 35 miles away from this Asian Restaurant for sale offered by
We Sell Restaurants. The city has experienced significant growth but maintains a residential ambiance. Making it a perfect location to live, work, and play!
Established 15 years ago this Asian restaurant for sale has established itself in the community. With 8,000 square feet you can feed the daily patrons and also house large events! The location attracts foot traffic, locals destined to dine there, and travelers and commuters driving by. Did I mention the amazing lease at just $4,200 a month that includes All Utilities and A One Bedroom Apartment! Currently set up as 4 different rooms allowing ease when doing private parties with seating around 80.
There is also a bar with six bar stools that is not currently being used giving a new owner opportunity to expand on sales with a liquor license at this Asian Restaurant for sale. Currently this is only being run as a family business so not all areas are used at any given time just another way to expand!
The Large Commercial Kitchen of this Asian Restaurant for Sale can handle the load with an 18 foot hood, 2 40pound Fryers, 5 Hole Chinese Burner, 2 Rice Cookers, a 2 door Sandwich Prep, 3 Door Sandwich prep, Reach in Freezer, Walk in Cooler and Walk in Freezer, Slicer, Mixer, POS system and more.
This Asian Restaurant for Sale is a true gem in an amazing location that is already established and making money, but with the addition of things like a liquor license, catering contracts, and adding a third party delivery service, the sky is the limit for the potential in this place.

About the Business

Location:
Longmont, Colorado
Year Established:
2004
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
8,000
Rent:
$4,240.00 Per Month
Lease Expiration:
5/31/2024
Facilities:
Equipment List Schedule A Large 3 compartment sink 8foot stainless steel prep table with 2 drawers Scotsman Ice Machine Hobart 20qt mixer GE microwave 2 Door True Sandwich Prep Table 4 Unit Steamtable 3 Door True Sandwich Prep Table Rice Maker 2 Hand Sinks 2 40lb imperial Fryer 5 Hole Chinese Burners Commercial Dish machine 2 Chest Freezer Hobart 12in Slicer 6 foot Stainless steel work table 18foot Hood 2 Rice Holders POS Rossmenu with printer and Credit card machine Room 1 30 Chairs 12 Tables Bar currently not used 6 bar stools Waiting area Room 2 23 seats includes 2 large booths 6 tables Room 3 3 booths 8 Tables Room 4 2 large booths 5 tables 11 chairs 9 chairs 9 Tables
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Great location one of the best locations in historic building long time established patrons Lots of foot traffic large events downtown
Growth & Expansion:
Currently only do own delivery could easily add one of the 3rd party delivery services to get more Closed on Monday s could add that day for additional revenue and also has a bar but this area is not utilized and do not currently have a liquor license
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 Weeks on Site

Listing Info

ID:
1650685
Ad Detail Views:
0

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Business Listed by

Jeff Marcus

We Sell Restaurants
License# FA100082047

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View My 24 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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