Turnkey Profitable And Owner Absentee Chinese Restaurant Acquistion

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Turnkey Profitable And Owner Absentee Chinese Restaurant Acquistion
Asking Price:
$295,000

Gross Revenue:
$647,062
Cash Flow:
$202,068
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This Chinese restaurant has been at the same location for over 30 years. Current owner has been running this business for 4 years. It is a very profitable operation and is truly an owner absentee business model. 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. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.

• 3,500 sf overall facility
• Dining area is designed for maximum occupancy with proper amount of space in between table sets
• Kitchen and all other equipment are in great shape
• Beautiful location in the heart of Fredericksburg and Spotsylvania
• Extremely high traffic road
• Current rent is very reasonable and is transferrable
• Parking space is very adequate
• Interior decoration is very modern Chinese design
Current signage can be reused

About the Business

Number of Employees:
10
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About the Sale

Reason For Selling:
other business interests
Training/Support:
2 weks
Seller Financing:
147500.00

Listing Info

ID:
1399773
Ad Detail Views:
1680

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Business Listed by

Steve Sigman

Transworld Business Advisors

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U.S. Census Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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