Profitable Chinese Restaurant - Can Convert!

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Business Description

Absentee owned, Well-established Buffet type Chinese food restaurant with private banquet rooms located in a busy strip shopping center frequented by locals as well as large tourist groups from all over the world! Specious 6,600 sq./ft. restaurant facility that can easily convert to a different concept, if need be. Owner motivated to sell as he wants to pursue a different career direction. Super convenient location right off Rt. 50, within 5 minutes of driving to Restaurant Depot. Don’t miss it!

About the Business

Year Established:
2000
Number of Employees:
8
Real Estate:
Leased
Facilities:
Spacious 6,600 sq/ft dining facility. Current total rent: $12,070.78/mo. in total rent. Lease expires on May 2022 with possibility for longer lease for qualified applicant.
Market Outlook/
Competition:
Prime location!
Growth & Expansion:
Possible!
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About the Sale

Reason For Selling:
Other interests
Training/Support:
2 weeks
Seller Financing:
All cash

Listing Info

ID:
1377976
Ad Detail Views:
111
Asking Price:
$180,000

Gross Revenue:
$600,000
Cash Flow:
$90,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,000
not included in asking price

FF&E:
 Not Disclosed

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Business Listed by

Omar Alhariri, CBI

DC Business Broker, Inc.

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U.S. Census Data for Fairfax and Loudoun Counties, VA
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Fairfax and Loudoun Counties, VA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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