Chinese restaurant for in existence for over 30 years for SALE
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400/SF Restaurant available for purchase featuring 12' Frontage. Currently operating as a Chinese restaurant with a seating capacity of 16, it has been in business for 32 years. The sale includes all FFE, meaning all equipment, fixtures, chairs, a Walk-in Freezer, refrigerator, Woks, Rice cooker, Wok range, and Burners, among other items, valued at $20K. Recently renovated in October 2023, it is poised to operate for another 32 years. Potential uses include Asian, Thai, and Chinese cuisine. The landlord is open to lease assumption with additional renewal options, currently priced under $3000 per month with a 3% escalation. Surrounding area: Farmers market, Gas Station, City Hall, Fitness gym, Dollar Tree, Church, KFC, and more. Transportation options include Buses: 45 & 61, and Major Highways: I95, Hutchinson Parkway. For further details and to arrange a viewing, please contact: RA Realty Associates LLC at 718.549.7636
About the Business
- Years in Operation
- 33
- Employees
- 2 Full-time
3 - Market Outlook / Competition
- New Rochelle boasts approximately 186 restaurants in various neighborhoods.
Full-service restaurants constitute the largest category, with around 100 establishments.
American and Italian cuisines are particularly popular, with around 60 and 40 restaurants respectively.
The culinary offerings include Mexican, Chinese, Indian, Japanese, Caribbean, and Mediterranean options, among others, demonstrating a multicultural dining scene. - Opportunities for Growth
- Specific Location: The success of a restaurant can be highly dependent on its location within New Rochelle. Factors like foot traffic, proximity to residential areas, and ease of access are crucial.
Differentiation: Given the existing competition, a new Chinese restaurant would need to offer something unique to stand out, whether through specialized cuisine, a unique atmosphere, or exceptional customer service.
Operating Costs: Beyond rent, businesses will need to carefully consider other operational costs, including labor, food supplies, and utilitie
About the Sale
- Seller Motivation
- Busy with other business ventures
- Transition Support
- Available upon request
Listing Info
- ID
- 2387043
- Listing Views
- 580
Business Location
Listing ID: 2387043 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.
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