Established family restaurant. Location Location Location and Lottery!
Business Description
This family owned multi-concept Asian Fusion and Family-Style restaurant with a full Lounge. Additional income stream with Grubhub sales, ATM, and Lottery. It has been in continual operation with a single ownership for over 30 years. The business presents an exceptional future financial investment for a buyer who desires to maintain the same concept as a single unit business or could be an add-on for a similar concept with multiple growth opportunities. An option may be based on the exceptional location and multiple dining areas to introduce an entirely different concept along with the current lottery income.
About the Business
- Years in Operation
- 31
- Employees
- 14 (14 Full-time)
- Facilities & Assets
- Total estimated seating for dining/with options for banquets/meeting is in the range of 200-205. Currently operates out of one main dining area; optional 2 additional overflow dining areas, along with bar/lounge. Operating space includes a fully equipped kitchen, storage, office, walk-in cooler, and space for a walk-in freezer. Parking Estimated – 25-30, with additional capacity for some overflow. Location has one of highest traffic daily counts in Lane Co. Excellent frontage and signage exposure. Has a significant regional draw and retail synergy.
- Market Outlook / Competition
- The business has developed multiple long-term and loyal repeat customers for the restaurant, lounge, and lottery sales. Sits in a prime location with several growth opportunities.
- Opportunities for Growth
- Opportunity to use one of the overflow dining areas for club and meeting areas, holiday and retirement parties and to introduce a competitive breakfast offering, along with a buffet. Also to continue to promote takeout business with add-ons with multiple other providers to include Door Dash, and Uber Eats. Based on operator internal sales data, which shows alcohol sales are a very small percentage of what is being done in the restaurant. Opportunity for introduction of a state-wide, regional or national restaurant foodservice business multi-unit.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,500
- Rent
- $9,791.67 per month
- Lease Expiration
- 10/30/2026
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Ownership is prepared to offer extended assistance and training to facilitate transfer of relationships regarding employees, customers, and supplier/vendor based on the needs of the buyer. To be negotiated.
- Financing Options
- Seller carry $100,000 down/monthly pymts of $3,155; seller call on balance due
Listing Info
- ID
- 2428673
- Listing Views
Listing ID: 2428673 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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