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
Number of Employees:
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.
Asking Price: $180,000 Gross Revenue: $600,000Cash Flow: $90,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $8,000 not included in asking priceFF&E: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
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