Asking Price: $149,000 Gross Income: $300,000 Cash Flow: $48,000 FF&E: $40,000 Inventory: $2,000 Real Estate: Available For Sale - This “Landmark” Asian Restaurant has been in business for over 40 years and has wide spread name recognition. It is in a prime urban location near major commercial and residential areas. A new owner could leverage the good reputation this restaurant has built over the years, and easily expand the business. The business owner would like to sell the real estate for an additional amount. This Restaurant has a very attractive and uniquely designed upper and lower dinning, and dance areas. The building has a total of 5,965 +/- sf in a two story building. This Asian themed restaurant seats approximately 165 people on the ground floor. The lower level bar and dance club with stage seats approximately 100 people with a total occupancy capacity of 199 on the lower level. The restaurant is well located in a busy urban area close to commercial and other up-scale residential neighborhoods. The business owner would consider a lease / purchase option to help a new owner purchase the real estate.There are other restaurants in the area, however the local market is growing with new residential and commercial developments being built in the immediate area. This restaurant is in a very good market area with an accessible location, and plenty of parking. A new owner could easily attract more business by adding to the menu, and reopening the lower level bar, and dance club. Owner financing may be available, see broker for information on financing packages. The seller will train a new buyer during a pre-determined transition period. The owner wishes to retire. Year Established: 1972 Number of Employees: 6 - For more information - Call.

Posted Aug 9, 2014

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