Best Chinese Restaurant In Reno

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Business Description

It has been voted the best Chinese Restaurant in Reno in last 27 years. Liquor license. 50% of business is take out.
Reno is the most populous Nevada city outside of the Las Vegas-Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3]

Reno is part of the Reno-Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.

About the Business

Year Established:
1987
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
2,900
Lease Rate/Sq. Ft./Mo.:
$1.50
Lease Expiration:
8/31/2027
Facilities:
Chinese Restaurant,hard liquor lic. Bar counter, table, chair, kitchen,TV set, in large shopping center, 3300 sq.ft. rent $6,000.00 per month. 10 year lease and 10 years option. The best Chinese Restaurant in Reno. Reno is growth very fast, the Real Estate is growth fast too, a lot of big company is moving now. It is second casino city in USA.
Reno is the most populous Nevada city outside of the Las Vegas–Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3]

Reno is part of the Reno–Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.
Market Outlook/
Competition:
some of Chinese restaurants, It has been voted the best Chinese Restaurant in past 20 years.
Growth & Expansion:
Reno is the most populous Nevada city outside of the Las Vegas–Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3]

Reno is part of the Reno–Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.27
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About the Sale

Reason For Selling:
RETIREING
Training/Support:
30 days free training after closing of escrow,provide 3 years tax return for SBA loan application
Cash Flow Comments:
EBITDA: $300,000

Listing Info

ID:
1392863
Ad Detail Views:
236
Asking Price:
$560,000

Gross Revenue:
$1,300,000
Cash Flow:
$350,000
EBITDA:
$350,000
Inventory:
$5,000
not included in asking price

FF&E:
$100,000
included in asking price

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Business Listed by

Roy Chang

BIR Business Brokers

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Sponsoring Broker:

Henry Miller
BIR Business Brokers - 1441032

U.S. Census Data for Washoe County, NV
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 Washoe County, NV
Income

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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