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Address: 121 King St, Dameitta, Egypt
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Email: motivoweb@gmail.com

Chinese/Asian Restaurant with Bar & Banquet

Chinese/Asian Restaurant with Bar & Banquet

Oakland County

Listing#: C2571
Description

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 the 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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Business Overview

Revenue $941,146
Cash Flow TBD
Inventory $20,000 +/-
Year Established 1996
Seller Financing Yes
Employees 4FT 0PT
Asking Price $175,000
Key Statistics
  • Hours of Operation: Tuesday - Sunday: 11:00 AM - 8:30 PM

  • Employees: 4 Full Time 0 Part Time

  • Year Established: 1996

  • Year Acquired: 2018

  • Liscence Required: Sales Tax, ServSafe

  • Seats: 300

  • Parking: Ample

Financial Information
  • Gross Sales: $941,146

  • Source: Tax Returns

  • Cash Flow: TBD

  • Source: Tax Returns

  • Inventory Value: 20,000 +/-

Seller Financing
  • Business Price: $175,000

  • Down Payment: $75,000

  • Monthly Payment: $1,933.28

  • Interest Rate: 6%

  • Amortization Period: 60



Location
  • Monthly Rent: $7,300

  • Lease Terms: Including Water & CAM Charges

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