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Businesses For Sale   >>   Texas Businesses For Sale Categories   >>   

Chinese Sit Down Restaurant

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $250000
Net Profit / Cash Flow  $50000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  4 - 5
Inventory  104000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller is willing to fully train.
Reason for Sale  Owner is full time mother with little time to manage restaurant.
Description  Awesome ''sit down'' Chinese restaurant only one in town! Originally a Chinese Buffet, restaurant was totally remodeled in 2009, at a cost of $100,000. Brand new bathrooms, redecorated dining room, etc. Fully equipped (you can see the long asset list) and staffed a true turn-key business. Currently run by absentee owner. Some financing is negotiable. For more information please email or contact David Meislin at 315-292-6876. Asking $74,900. Facilities: 2500 sq ft. Rent is $2000 per month. 1.5 years left on lease. Possible 5 year extension. Busy shopping center location. Plenty of parking. Competition: This is the only sit down Chinese in town. There are buffets in town. Growth/Expansion: Could add a buffet for lunch or dinner, could open Sundays, could add beer and wine! Financing: Partial Financing is Negotiable.
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