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40 Years Est Gourmet Chinese Restaurant for Sale

Asking Price:

Gross Revenue:

Cash Flow:

Down Payment:

$199000

$1200000

$170400

100000

FF&E (included):

Inventory:

Financing:

20000

20000

Yes

Palm Beach County

40 Years Established Gourmet Chinese Restaurant for Sale. Outstanding location within very large and affluent community of senior-citizens. Much of restaurant’s loyal clientele is snowbirds so business is seasonal. Lease good thru 2030 with 5 year option ($8500/month and 3100 sq ft with seating capacity of 116). Beer and wine license. Sales averaged at least $100K/month before the coronavirus. Sales now around $50K/month (take-out and delivery only) as restaurant is just beginning to reintroduce the dine-in option. Advertised financials conservatively represent estimated pre-virus sales and costs. Great opportunity to buy at a distressed price given how profitable this longstanding restaurant has always been. Seller will hold a partial Note for qualified buyer. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.

two weeks

other business interests

Home Based:

Franchise:

Willing To Train:

Required Licenses:

No

No

Yes

Year Established:

Year Aquired:

Relocatable:

1980

2019

No

Days Open:

Hours Open:

5

12pm-9pm tue-sun

Full Time Employees:

Part Time Employees:

6

0