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Free Standing Chinese Buffet Restaurant
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $780000
Net Profit / Cash Flow $145000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1979
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide training to new owner for a seamless transition.
Reason for Sale Too many businesses to handle, spreading himself too thin.
Description Free Standing Chinese Buffet Restaurant located in Arlington is now available for sale. This full-service Chinese restaurant has been established for over 30 years at this same location. Average monthly sales in 20011 are $65K and the sales are gradually increasing. Although this sale includes real estate which values $800K, but seller is willing to sell business only for $150,000 with a monthly rent of $4,500 including NNN. They offer all-day Chinese buffet and also Korean-styled Chinese dishes which customer can order separately. The restaurant is fully-staffed with well-trained employees that enable the current owner to operation this restaurant without much involvement, but the cash flow presented is based on one owner working full-time as a manager. This is a great opportunity to buy a full-service Chinese restaurant with real estate at a price under market value of real estate. Again, business can be sold separately.
Asking: $675,000
Furniture, Fixtures & Equipment: $100,000 (Included in listed price)
Inventory: $3,000 (Not Included in listed price)
Real Estate: $800,000 (Included in listed price)
Financing: 100% Cash at Closing thru SBA Loan
Facilities: 5,055 SF of free standing building with fully-equipped kitchen that has been well-maintained. If someone buys business only without real estate, this property will be leased for $4,500 per month including all NNN.
Competition: 1 direct competition found in this area. This is the longest-established Chinese buffet restaurant in town.
Growth And Expansion: Current owner does not any marketing. More pro-active marketing is needed to boost sales.
Primary Phone: 972-247-3202 or 866-519-2421
Click Here To Contact Seller
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