Profitable Chinese Restaurant for Sale - Tap Into High End Marketplace

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Asking Price:
$149,000

Gross Revenue:
$396,964
Cash Flow:
$65,699
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Established Chinese Restaurant for Sale near Weston, Florida. Operating Successfully in the Same Location for nearly 30 Years. The table is Set for a New Owner. Verifiable Sales of Approximately $30,000 per month. Bring Your Offer!
Located in a recently renovated neighborhood retail center situated at the intersection of State Road 84 and Weston Road, this Chinese Restaurant for Sale serves the affluent Weston retail district that enjoys demographics highly appealing to retailers. This is a great opportunity for a new owner/operator who is searching for hard to find restaurant space in the lucrative Weston market.
Offered exclusively by We Sell Restaurants, this restaurant space is 2,432 square feet with seating for up to 84 customers. Rent in this recently renovated plaza is $6,200 per month including all CAM and tax. The current owners are a small family that have been profitable here for the past seven years and have maintained the business with a healthy mix of dine in, take out and delivery sales. The recent addition of third-party delivery has expanded the area as far east as University Drive.
The fully equipped commercial kitchen is large and clean with a 20 foot exhaust hood with fire suppression. There's also a large walk in cooler and freezer. Two three-chamber wok ranges and two Imperial fryers make up the cooking line and there's also a large steam table and roaster.
The menu features popular, authentic Chinese cuisine from simple appetizers to a masterfully prepared Peking Duck and everything in between. The recent addition of Pad Thai has been a hit suggesting that there may be an opportunity for the new owner to expand and diversify the menu for increased variety and sales. Annual gross sales in recent years have been more than $350K. A new owner with fresh ideas and enthusiasm has the opportunity to build and grow the business even more.
Bring your offer today for this turnkey opportunity in bankable Weston, Florida.

About the Business

Location:
Sunrise, Florida
Year Established:
1989
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
2,432
Rent:
$6,201.60 Per Month
Lease Expiration:
5/31/2022
Facilities:
20 ft exhaust hood with fire suppression walk in cooler and freezer two Imperial fryers two 3 burner wok ranges sandwich prep station with cooler sinks Panasonic microwave True glass door cooler Magic Chef drop freezer American tea machine Hoshizaki ice machine three rice cookers steam table Victory three door cooler roaster POS system two flat screen TVs fish tank security system with cameras
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
1
Growth & Expansion:
1
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About the Sale

Reason For Selling:
Retirement
Training/Support:
one week

Listing Info

ID:
1647221
Ad Detail Views:
0

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Business Listed by

Robert Morrison

We Sell Restaurants
License# SL332365

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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