Asian Restaurant For Sale in Historic Oldtown!

Asking Price$250,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$497,969

InventoryNot Disclosed

FF&ENot Disclosed

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Asian Restaurant For Sale in Historic Oldtown!


Asking Price$250,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$497,969

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Unlock the doors to a legacy of culinary excellence with this Asian Restaurant for Sale in Historic Oldtown. Established in 1981, this cherished family business has graced the local community with the flavors of China, Vietnam, and delightful boba teas for over 42 years. Boasting a full liquor license that's transferable, this restaurant presents an enticing opportunity for entrepreneurs seeking a profitable venture with a rich heritage.Throughout its illustrious history, this Asian Restaurant for Sale has been a cornerstone of the community, serving generations with its delectable cuisine. While recent times saw a shift to takeout and delivery due to the pandemic, the spacious and inviting dining room has untapped potential, offering ample opportunities for revenue growth.Nestled in a picturesque historic main street, surrounded by quaint shops and bustling eateries, the Asian Restaurant for Sale presented by We Sell Restaurants enjoys a prime location with high foot traffic. The walkable friendly town comes alive with vibrant street festivals and events during the summer, attracting locals and tourists alike, and providing a steady stream of customers year round.Originally operated by the building owners, the lease terms are negotiable for the 2,450 square feet of operating space, complete with ample parking and a corner position that maximizes visibility. Parking rental also brings income and can be expanded for more revenues. Situated in a high income demographic area, this Asian Restaurant for Sale is primed for success in a community that values tradition and culinary diversity.Don't miss this opportunity to write the next chapter in the story of this beloved Asian Restaurant for Sale. Seize the chance to embrace a thriving business with a storied past and a promising future in Historic Oldtown. Contact us today to learn more and make this culinary gem your own. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
About the Business
Years in Operation
44
Facilities & Assets
Hood 11ft
Hood 7 ft
2 Reach In Freezer Turbo Air
Reach In Freezer Falcon
2 Turbo Air Refrigerator
2 Sandwich Prep
Merchandising Fridge double door
Ice Machine Manitowoc
4 burner with oven
fryer
Steam table
Wok range 2 burners
Wok range 4 burner
Tandori Grill
3 compartment sink
food sink
prep tables
3 Vitamix
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
Only Asian restaurant on Main St
Been in business 43 years
Walking traffic is most opportune on weekends only
Opportunities for Growth
Dining seating for 50+ under utilized
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,450
Rent
$8,346.00 per month
Lease Expiration
12/31/2028
About the Sale
Seller Motivation
Retirement
Transition Support
4 6 weeks
Listing Info
ID
2439518
Listing Views

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Business Listed by: Bobby Pangilinan We Sell Restaurants

Listing ID: 2439518 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.