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Established Ethnic Restaurant Bouncing Back
Location: United States
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Popular ethnic restaurant returning to profitability after pandemic. Great location on major road, low rent, good equipment, and experienced kitchen staff. Opportunity to acquire assets of business with strong name recognition and stellar reputation for food and service.
Owners acquired 2013. Refurbished kitchen and dining room. Developed menu, hired innovative chef. Steadily grew business until family members assumed operation 2019. Inexperience and pandemic impacted operations. Owners resumed management oversight Jan 2022, refurbished and updated. Restaurant sales increasing monthly as business performance continues upward trend.
Limited competition in area.
Owners have positioned restaurant for return to pre-pandemic numbers. Expand hours and continue current focus on quality service and food.
Well maintained dining area and kitchen. Plenty of parking.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $345,000
Cash Flow:   $125,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $55,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement

Photos

View Larger Photo(s) Of Business
Established Ethnic Restaurant Bouncing Back Photo 1




Print Listing Id: 700376967
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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