Chinese Restaurant
Location:
United States
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Texas
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Dallas
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Located in a prime night life area where the traffics are high and the orders are in for good Chinese Foods. Dallas Uptown. It has been in business in same location for 26 years and they have remodeled the place about 10 years ago. The original rent is actually $7,000 including NNN but for one full year the landlord has given them some break due to the recession. 50% of the business is dine in and another 50% of takes outs and deliveries. There is no catering. There are 6 full time and 6 part time but 4 of the part time are the waiters and waitress and they take $2.15 plus tip.
Asking: $150,000
Furniture, Fixtures & Equipment: $50,000 (Included in listed price)
Inventory: $4,000 (Included in listed price)
Financing: 100% Cash at Closing
Facilities: This business is situated in the end cap of the building for a best visibility and there are plenty of parking spaces. It is surrounded by many businesses and the traffic is high. And you will be amazed by how clean and new the kitchen looks and feels like compare to what year this business was opened. All the equipments in the kitchen are in great condition and there are plenty of room for the cook and the helpers to create great Chinese food.
Competition: There are other food restaurants but there are no other Chinese Food Restaurant in the area.
Growth And Expansion: The current owners have never done any marketing or advertisements for this business. If new owner be more pro-active on the marketing or advertisements it will help increase the sales. Another good potential is the catering. Current owners don't do caterings; the new owners could capitalize on it if he or she chooses to do so.
Email or call: 972-247-3202 or 866-519-2421 for more information on this Restaurant for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$720,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1983
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner will train for smooth transition.
Reason For Selling: The owners want to retire.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700114319
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