Chinese Restaurant with Lottery
Business Description
$149,000 Price Reduction!
ESTABLISHED CHINESE RESTAURANT & LOUNGE
FINANCIAL PERFORMANCE:
This 4,560 sq ft hospitality operation demonstrates strong diversified revenue generation through three primary income streams. Video lottery operations alone contribute $162,000+ in verified net annual revenue over a documented three-year performance period, representing approximately 40-50% of total revenue mix based on industry benchmarks for similar establishments.
OPERATIONAL EFFICIENCY:
- Facility utilization: 50+ seat capacity across dining and lounge areas
- Operating schedule: 91 hours weekly (11 AM-2 AM, 7 days)
- Kitchen efficiency ratio: 20-foot commercial hood system with integrated fire suppression
- Storage optimization: Walk-in cooler/freezer units plus dedicated dry storage
- Beverage profit margins: Full liquor license enabling high-margin alcohol sales
REVENUE:
Primary Income Sources:
1. Food service operations (lunch/dinner periods)
2. Beverage sales (full bar service)
3. Gaming revenue: 6 lottery machines generating $162,000+ net annually
4. Entertainment revenue: 2 pool tables
COST STRUCTURE:
- Triple net lease includes water/sewer utilities (significant operational savings for restaurant operations)
- Ample off-street parking reduces customer acquisition friction
- Established customer base minimizes marketing acquisition costs
FACILITY:
- 4,560 sq ft operational space
- Commercial kitchen with safety compliance systems
- Full bar infrastructure
- Entertainment amenities
MARKET POSITION:
Located in Milwaukie market with established three-year revenue history demonstrating business stability and customer loyalty. Multiple revenue streams provide risk mitigation compared to single-source hospitality operations.
TRANSITION OPPORTUNITY:
Owner retirement creates acquisition opportunity for immediate cash flow generation. Established operations, existing customer base, and proven revenue streams support seamless ownership transition.
DUE DILIGENCE REQUIREMENTS:
Confidentiality agreement required for detailed financial documentation review.
FINANCIAL PERFORMANCE:
This 4,560 sq ft hospitality operation demonstrates strong diversified revenue generation through three primary income streams. Video lottery operations alone contribute $162,000+ in verified net annual revenue over a documented three-year performance period, representing approximately 40-50% of total revenue mix based on industry benchmarks for similar establishments.
OPERATIONAL EFFICIENCY:
- Facility utilization: 50+ seat capacity across dining and lounge areas
- Operating schedule: 91 hours weekly (11 AM-2 AM, 7 days)
- Kitchen efficiency ratio: 20-foot commercial hood system with integrated fire suppression
- Storage optimization: Walk-in cooler/freezer units plus dedicated dry storage
- Beverage profit margins: Full liquor license enabling high-margin alcohol sales
REVENUE:
Primary Income Sources:
1. Food service operations (lunch/dinner periods)
2. Beverage sales (full bar service)
3. Gaming revenue: 6 lottery machines generating $162,000+ net annually
4. Entertainment revenue: 2 pool tables
COST STRUCTURE:
- Triple net lease includes water/sewer utilities (significant operational savings for restaurant operations)
- Ample off-street parking reduces customer acquisition friction
- Established customer base minimizes marketing acquisition costs
FACILITY:
- 4,560 sq ft operational space
- Commercial kitchen with safety compliance systems
- Full bar infrastructure
- Entertainment amenities
MARKET POSITION:
Located in Milwaukie market with established three-year revenue history demonstrating business stability and customer loyalty. Multiple revenue streams provide risk mitigation compared to single-source hospitality operations.
TRANSITION OPPORTUNITY:
Owner retirement creates acquisition opportunity for immediate cash flow generation. Established operations, existing customer base, and proven revenue streams support seamless ownership transition.
DUE DILIGENCE REQUIREMENTS:
Confidentiality agreement required for detailed financial documentation review.
About the Business
- Years in Operation
- 13
- Employees
- 7 Part-time
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,559
- Rent
- $8,149.00 per month
- Lease Expiration
- 7/31/2026
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Negotiable
- Financing Options
- $150,000 down with 120 monthly payments of $3,336.51 including 8.00% interest per ann
Listing Info
- ID
- 2467714
- Listing Views
- 560
Listing ID: 2467714 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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