Location | Wayne County | File No | C2602 |
Business Price | $200,000 | Down Payment | $120,000 |
Monthly Payment | $2,397.67 | Interest Rate | 5% |
Amortization Period | 36 months | Gross Sales | $48,000/mo |
Source | Seller | Cash Flow | TBD |
Inventory | $ 2,000 | Days Open | 6 |
Year Acquired | – | Year Established | 1977 |
Parking | Ample | Licences Required | Sales Tax |
Business Hours | Mon, Wed-Fri: 11 AM-9 PM, Sat-Sun: 12 PM-9 PM | Monthly Rent | $1,750/month gross + Property tax of $350/yr |
Seat | 80 |
Profile: This restaurant is located in a nice area in Wayne County. The plaza has a large parking area. The restaurant serves Chinese food and drinks. It was renovated 2-3 years ago. The current owner runs the restaurant with 3 family members and 3 part-time employees. The food costs are around 25% of the sales with low rent so a new owner-operator can make a good profit running this business. They have a delivery service through Doordash. The restaurant also has a class-C liquor license but the monthly sales do not include sales of drinks since there is no dine-in available. There is a huge potential for this restaurant when dine-in is available as they can sell drinks and they have a large dining area. |