Chinese/Asian Restaurant with Bar & Banquet!

File# C2571
Location: Oakland County
Business Price: $175,000
Down Payment: $75,000
Monthly Payment:$1,933.28
Interest Rate: 6%
Amortization Period:5 years
Gross Sales: $941,146
Source: Tax returns
Cash Flow: TBD
Source:
Inventory: $20,000+/-
Days Open: 6 days
Business Hours: Tue-Sun 11:00 AM - 8:30 PM
Seats: 300
Parking: Ample
Licences Required:Sales Tax, Safeserv, Class C Liquor
Year Established:1996
Year Acquired: 2018
Monthly Rent:$7.300 includes water

Profile:

Sales included catering of approximately 20% which is not included in the sale. The restaurant is located in a good plaza in Farmington Hills. The plaza has a large parking area. The restaurant has a spacious kitchen with various equipment and can serve Chinese food, Japanese Sushi and bar food. Kitchen equipment, tables and chairs are provided by landlord. The floor was remolded in 2nd half of 2019. It is well decorated with Chinese style paintings, poems, etc. It also has a large party room with space to have 200-300 people, which is good for year-end activities and parties.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.