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Asking Price$220,000
Revenue$459,696 Established2006
Cash Flow$23,367 Employees3 full-time
FF&E$10,500* FranchiseNo
Inventory$4,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable, established and totally turnkey Asian restaurant for sale. Turnkey is a great term for this business as all the hard establishing ground work and customer base is already built up for you. Great location, located on a very high traffic street, plenty of parking, great visibility. Lots and condos and apartments just right outside your front doors. Literally just walking distance away. This helps to create and maintain a real warm friendly neighborhood type atmosphere in this restaurant as many of the patrons tend to know or have seen each other here or in the neighborhood many times. Plus this restaurant offers a full bar as well, and with many patrons not having to worry about driving, just a short walk home makes for more alcohol sales and late night dinner dates more fun and more romantic. And this for sure makes delivery very accommodating for both your loyal customer base and your business. Complete kitchen with walk in refrigeration and oversized hood system. The kitchen is fully capable of pulling together just about any recipes from any food concept. This is not a franchise so new owner has complete creative freedom to showcase their culinary tastes and talents. Beautiful dining area that seats 70 and has about 2300 SQ FT. Also has an outside patio area for when the weather is inviting. There is room to add live entertainment, karaoke or flat screen televisions or add some catering accounts. So there is profitable ideas that could be used to increase your profit line on an already profitable business. Also another big way to increase the profits is to have owner operator in place on a day to day basis. Current owner has his time split between two restaurants so if owner operator were in place on a day to day basis, labor costs would go down, food costs would go down (as less waste and less given away) customer service would have a better chance to be 5 stars everyday. Both of the seller’s restaurants are doing so well that they both are requiring more and more of owner’s time and in an effort to scale down his work schedule he is offering this restaurant for sale. Currently opened six days a week and closed on Mondays. Operated by 3 FT employees. Not much similar type Asian food competition close by. Lease has time left on it and is assignable and has several 5 year options to renew and oh yeah the lease, price wise is very reasonable especially for the high traffic location. This is a strong cash business. If you are interested in checking out what a turnkey restaurant really is then give listing broker a call to set up a tour and a question and answer session.
Facilities:The lease is assignable and has 5 year options to renew and has a year left on the current lease. 2300 square feet, full kitchen with walk in refrigeration large hood system capable of pretty much preparing any food concept. Dining room has beautiful decor and a full bar. Seating capacity 70 and also offers an outdoor patio. Plenty of parking and solid signage visibility from the busy street that leads to your restaurant.
Competition:There is room to add live entertainment, karaoke or flat screen televisions or catering accounts. So there is profitable ideas that could be used to increase your profit line on an already profitable business. Also another big way to increase the profits is to have owner operator in place on a day to day basis. Current owner has his time split between two restaurants so if owner operator were in place on a day to day basis, labor costs would go down, food costs would go down (as less waste and less given away) customer service would have a better chance to be 5 stars everyday. Totally turnkey which means you can enjoy profits right away. Not much similar type Asian food competition close by.
Growth Potential:There is room to add live entertainment, karaoke or flat screen televisions or catering accounts. So there is profitable ideas that could be used to increase your profit line on an already profitable business. Also another big way to increase the profits is to have owner operator in place on a day to day basis. Current owner has his time split between two restaurants so if owner operator were in place on a day to day basis, labor costs would go down, food costs would go down (as less waste and less given away) customer service would have a better chance to be 5 stars everyday. Totally turnkey which means you can enjoy profits right away. Not much similar type Asian food competition close by.
Training/Support:2 weeks offered but more is negotiable if so desired
Seller Financing:90% down seller financing strictly on a case by case basis
Sale Reason:Seller wants to downsize as he owns two restaurants
Ad #80515
Seller Reference #dsstc
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Coldwell Banker Bain
425-890-9208
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