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Asking Price$550,000
Revenue$1,200,000 Established2003
Cash Flow$250,000 Employees9 full-time
FF&E$200,000* FranchiseNo
Inventory$6,000 RelocatableNo
Real Estate$1,750,000 Home-basedNo
* Included in Asking Price
Popular and Highly Successful Chinese Restaurant This restaurant is conveniently located near modern hotels and recreation areas. Visitors and residents enjoy world-class mountain biking, walking trails, nearby mountains, camping, and hiking trails, all within easy reach. The Business benefits from exceptionally high customer ratings and a loyal local following, as well as an escalating visitor clientele. This well-established American/Chinese restaurant has been operating for over 18 years and is financially sound together with accelerating profits year after year.  This opportunity has been Pre-Approved for financing through the SBA which would provide a 10-year loan to an approved buyer with as little as 15% down. The real estate can be purchased or a long-term lease with fixed annual increases lease may be negotiated.  This restaurant occupies a free-standing 4,300 sq ft building and has seating for 88. Currently, the restaurant utilizes just over 3,500 sq ft. There is room to expand or to add an additional food concept and about 30 additional seats. Ample parking is available. The building was constructed in 2007 and is situated in a growing business district. Additionally, seller financing will be considered on a case-by-case basis.
Competition:Due to its unique location, there is no competition for this type of food within a reasonable driving distance. The restaurant is so well established that it was able to increase revenue in 2020 in comparison from 2019. The customer ratings are very high - 4.7 based on over 500 Google reviews.
Growth Potential:There is unused space and the opportunity to expand the food offerings. Additionally, investments into web technology would allow for direct, on-line ordering, and delivery services.
Training/Support:Seller agrees to provide training as needed and mutually agreed upon.
Sale Reason:Owner retiring from restaurant industry.
Ad #130948
Seller Reference #WESTCO001-N25
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