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High Profile Western Restaurant In Prime Position
Location China
Asking Price Range < $250K
Gross Revenues $661581
Net Profit / Cash Flow $1200302
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2010
Number of Employees 20 - 34
Inventory 509000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training 2-3 months
Reason for Sale F&B Group restructuring
Description Award-winning Western Restaurant/Bar in prime Sanlitun position with great foot traffic.
A new Hilton Hotel will open opposite in early 2013. 180 square meters, seats 80-150 depending on configuration.
It is a currently a Western bar and restaurant, the rent is 70,800rmb per month. There are four years remaining on the lease with small incremental increases each year. The space can be available immediately if required or negotiated to suit your dates.
The purchase price has just been reduced for a quick sale to 1,300,000 rmb (neg) and includes:
All fixtures, fittings, hardware, software, kitchen, front of house, office, POS, surveillance system etc and the management leasing agreement.
Only two years ago the tenant rebuilt the building with new heating, plumbing, electricity, aircon, cabling etc. They are restructuring their company and will be not in Beijing much, hence the sale.
The landlord has just purchased the building from the government so any renewal of the lease can be long.
She is a very well-connected landlady.
Also, the biggest thing is that the lease includes all operational licenses, kai fapiao machine etc. which is very very hard to get at the moment in Beijing with the new government rules.
Take over the current concept (just award Editor's Pick Restaurant of the Year by high-profile Beijing magazine - see Teaser for more awards info) or do a few cosmetic changes, introduce your concept and begin trading this month.
Click Here To Contact Seller
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