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Restaurant & Cocktail Bar For Sale

Location  China
Asking Price Range  < $250K
Gross Revenues  $170000
Net Profit / Cash Flow  $60000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2008
Number of Employees  20 - 34
Inventory  89000
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased
Training  As outlined in description (this business is offered as a going-concern).
Reason for Sale  1. Directors are relocating. 2. Lack of funding for further business growth.
Description  Company details: 1. Restaurant & cocktail bar 2. Seating capacity: 90 3. Area: 346 square meters 4. Lease: until may 2013 5. Location: 5-2 capitaretail mall, sanxia guangchang, shapingba, chongqing, China 6. Staff: 21 (including 2 management, 3 supervisory & 1 office administrator who have been with our company since opening in 2008) 7. Start-up capital: $200,000 8. Revenue: $347,572 (from April 2008 - September 2010) 9. Annual revenue increase: 2008 - 2009: 6.7%, 2009 - 2010: 9.91% Offered in the sale are the following: 1. Fixed assets: (all) fixtures, furniture, white & gray appliances, air-conditioning units & ducting, ventilation system & ducting, piping, wiring, sound system, uniforms, stationary & captains order chits, pos system, crockery, cutlery, glassware, sprinkler system & fire safety kits, etc in kitchen, bar, dining area & office. 2. Current assets: (all) bar & kitchen inventory, pre-paid assets (including contracts paid up in advance: pest control, insurance) 3. Intangible assets: (all) trademark, skilled management team & staff, training manuals, marketing materials & templates, good relationships with suppliers, steady flow of regular customers, catering business. 4. 1 month full-time unpaid management help after settlement of handover, 6 months - 1 year unpaid remote consultation Other goodwill measures will include: 1. Helping the new owners settle down personally 2. Introduction to regular customers, mall management company (capitaland), suppliers, etc. 3. Full briefing on promotions & commission-based sales Our asking price for the sale of a taste of Singapore restaurant & cocktail bar as a going-concern is $200,000. (neg) Contact Vickie Langton for more information on this restaurant for sale.
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