Chinese Restaurant

Reno, NV (Washoe County)

Seller Financing Available
Chinese Restaurant

Asking Price:$550,000

Cash Flow:$300,000

Gross Revenue:$1,300,000

EBITDA:$300,000

FF&E:$100,000

Inventory:$5,000*

Established:28

*not included in asking price.

Chinese Restaurant

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Business Description

It has been voted the best Chinese Restaurant in Reno in last 27 years. Liquor license. 50% of business is take out.
Reno is the most populous Nevada city outside of the Las Vegas–Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3]

Reno is part of the Reno–Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.

Detailed Information

Inventory:
Not included in asking price
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Chinese Restaurant,hard liquor lic. Bar counter, table, chair, kitchen,TV set, in large shopping center, 3300 sq.ft. rent $6,000.00 per month. 10 year lease and 10 years option. The best Chinese Restaurant in Reno. Reno is growth very fast, the Real Estate is growth fast too, a lot of big company is moving now. It is second casino city in USA. Reno is the most populous Nevada city outside of the Las Vegas–Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3] Reno is part of the Reno–Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.
Competition:
some of Chinese restaurants, It has been voted the best Chinese Restaurant in past 20 years.
Growth & Expansion:
Reno is the most populous Nevada city outside of the Las Vegas–Paradise, NV MSA, with an estimated population of 233,294 in 2013,[1] and is the third most populous city in the state after Las Vegas and Henderson.[3] Reno is part of the Reno–Sparks metropolitan area, which consists of all of both Washoe and Storey counties, and has a 2013 estimated population of 437,673,[4] making it the second largest metropolitan area in Nevada.27
Support & Training:
30 days free training after closing of escrow
Reason for Selling:
RETIREING

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Roy Chang

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Roy Chang

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