Chinese Restaurant

 

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.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.

Location: Wayne County        Monthly Payment: $2,397.67

Business Price: $200,000      Down Payment: $120,000

Interest Rate: 5%                    Amortization Period: 36 months

Gross Sales: $48,000/mon     Source: Seller

Cash Flow: TBD                       Inventory: $2,000

Days Open: 6                           Business Hours:Mon, Wed-Fri: 11 AM-9 PM, Sat-Sun: 12 PM-9 PM

Seats: 80                                   Parking: Ample

Licences Required: Sales TaxYear Established: 1977

Year Acquired: –                       Monthly Rent: $1,750/month gross + Property tax of $350/yr.