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Absentee Owned Asian Restaurant - Very Profitable!

Centreville, VA (Fairfax County)

Seller Financing Available
Absentee Owned Asian Restaurant - Very Profitable!

Asking Price:$425,000

Cash Flow:$262,372

Gross Revenue:$970,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000*

Lease Rate/Sq. Ft.:N/A

Established:2003

*not included in asking price.

Absentee Owned Asian Restaurant - Very Profitable!

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Business Description

Well Established For Many Years!

Absentee owned, Well-established Asian noodle restaurant with great reputation for excellent customer service & high quality foods. Located inside a very busy strip shopping center, this restaurant has earned a loyal customer base since it opened in 2003. It was remodeled in 2007 to double its capacity for up to 95 customers. All equipment are professionally maintained and in excellent condition. The double capacity, high efficiency HVAC system is newly installed as of 2013. Owners are retiring. Restaurant can be converted to a different food concept, if need be, by the buyer. Don’t miss it!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
7
Facilities:
Well laid out 3,000 sq/ft Vietnamese restaurant with plenty of available parking space. Total rent: $10,000/mo. Current lease expires on September 30, 2018. However, landlord will offer longer lease to qualified buyer/tenant.
Competition:
Prime location!
Growth & Expansion:
Possible by doing more advertising/marketing. Also if new owner will be involved in the day-to-day operations, owner's compensation will simply increase!
Financing:
SBA financing available with 25% down-payment
Support & Training:
2 weeks
Reason for Selling:
Other interests

Listing Statistics for Premium Members

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Omar Alhariri, CBI

Business Listed By:
Omar Alhariri, CBI

Global Business Brokerage, LLC.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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