MergerPlace

Very Profitable Asian Restaurant in Jax

Florida (Duval)


  • Asking Price: $80,000
  • Gross Income: $240,000
  • Cash Flow: $48,000
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $75,000
  • Listing ID: #225955
  • Established: 2008
  • Employees: 3

Business Description

This Chinese restaurant is located in a very busy area of Jacksonville, FL. The restaurant offers traditional Chinese entrees such as Kung Pao & Sweet and Sour Chicken, Hunan & Mongolian Beef, etc. The current owner is willing to help the buyer through the transition process. This restaurant was established roughly 13 years ago. The current owner has grown the revenue every year up until last year. COVID-19 has caused the monthly revenue to drop somewhat. The revenue is poised to grow rapidly in Spring of 2021 as COVID-19 vaccine is administered to general population. The current owner is ready to retire and sell the business at a very low (pandemic adjusted) price and would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. Please refer to listing number 7101-778136 and advisor Scott Spurlock when inquiring on this listing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Duval

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $80,000
Gross Revenue: $240,000
Cash Flow: $48,000
FF&E: $75,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

Lease/Month: 2184 Square Footage: 1500 Building Type: Terms & Options: Expiration Date: 3/1/2023

Reason for selling:

Retirement

Support & Training:

Seller will train for 2 weeks at no cost.

Contact Business Seller

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Business Listed By:

Scott Spurlock

Transworld Business Brokers