This Chinese restaurant has been at the same location for over 16 years. It is a very profitable operation. This restaurant is a cornerstone in the Old Town of Fredericksburg community and has been recognized for its outstanding Chinese cuisine, excellent service and friendly staff. It is a full service Chinese restaurant and it’s best known for its modern interpretation of classic oriental dishes and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Chinese cuisine in which drives business evenly through dine-in, pick-up and delivery. 70% of business is from local delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.
• 1,500 sf overall facility
• Beautiful location in the heart of Fredericksburg and Mary Washington University area
• Extremely high traffic road
• Current rent is very $1890 and is good through June, 2019
• Interior decoration is very modern Chinese design
• Current signage can be reused
Asking Price: $175,000 Gross Revenue: $420,000Cash Flow: $118,716 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $20,000 included in asking priceShare 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.
Profitable Fredericksburg Chinese Take-Out And Delivery Restaurant Acq
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