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  • RE:  Established Chinese Restaurant/Bar With Lottery
  • Contact:  Jason Blair
Owner Financing is Available!
Owner Financing Terms$50,000.00 Owner Financing Interest8% Owner Financing Terms Months36 Owner Financing Monthly Payment$1,566.82

Quick Facts

Asking Price: $185,000
Annual Revenue: $708,155
Net Profit: Not Disclosed
Cash Flow: $104,110
Total Debt: Not Disclosed
FF&E: $81,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 10
BBN Listing #: 146752348
Broker Reference #: 59071-613850

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Business Overview:

Family-owned Chinese restaurant and bar with multiple lottery machines that has been a staple in the community for over 20 years. Great location with lots of foot traffic and one of the only Chinese restaurants in the area. Full liquor licenses and a bar that is separate from the restaurant with a sizable outdoor patio for additional seating. The space is very suitable for the current concept, and they have been operational through the pandemic and are currently just doing to-go food for the restaurant and the bar remains open to customers. Currently the building is for sale under a separate listing.

This restaurant is established in a building that has been home to a couple of different concepts and has been a Chinese restaurant for the last twenty years. This is a family run restaurant, and they are currently closed one day a week with the owner playing a big part of the operations and ready to retire. It is a go to restaurant on the street and draws customers from the local community as well as tourists that are exploring the area.

Restaurants continue to find ways to pivot and figure out ways to navigate through these crazy times. This business has lottery machines that bring in revenue on top of the food and liquor sales. It is a great opportunity for someone to come in and make this place their own or continue to operate the same existing concept. The business has been in operation for twenty years and continues to thrive.

Continue to grow this restaurant with more advertising. Open dining room for dine in and expand on the hours of operation. The bar currently closes at 11pm, possibly open for longer hours. This is a perfect opportunity for someone to come in and make this place their own and capitalize on the successes that are already proven.

Older building with lots of space.

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Reason for Selling:

retiring

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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