MergerPlace

Asian Themed Profitable Restaurant

Oregon (Polk)


  • Asking Price: $1,160,000
  • Gross Income: $520,810
  • Cash Flow: $81,632
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $150,000
  • Listing ID: #213814
  • Established: 2002
  • Employees: 4 FT

Business Description

Long standing Chinese restaurant with great reviews. Property alone is worth $1,200,000. Building is in great shape. Owners have been winding down but in prior years this business netted over $300,000. Large bar area with room for bands, which have been a strong draw for the local community.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Oregon
County: Polk

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT

Financial Information

Asking Price: $1,160,000
Gross Revenue: $520,810
Cash Flow: $81,632
FF&E: $150,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

Building over 7,100 square feet - two tax lots with over an acre of property located on the main road. Large kitchen.

Growth & expansion opportunities:

Current owners have cut back the open hours because of their need to retire. Adding a lunch service and staying open later in the evenings on the bar side with bands on the weekends would quickly double the business.

Competition:

Very little local competition.

Reason for selling:

Owners would like to retire.

Support & Training:

Will train for 2 weeks @ no cost Food Handlers License, Liquor License, Lottery License.

Contact Business Seller

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Business Listed By:

Teresa Farrell

Murphy Business Brokers