Contemporary Asian Cuisine - Well Establish

Bethesda, MD (Montgomery County)

Contemporary Asian Cuisine - Well Establish

Asking Price:$299,999

Established:2000

Contemporary Asian Cuisine - Well Establish

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Asset Sale Description

Really sweet deal with potential increase banquet & catering

Established, profitable Malaysian&Thai restaurant available for sale in downtown Bethesda, MD. Nice decor. 4,000square feet with 120+ seating capacity. Full Liquor license. Located in the center of business district, within walking distance to major hotels and shopping centers. Gross income is in the upward of $800,000/yr and net income is above $120,000/yr. Owner is on payroll. High ceilings with led lights. Walk-in cooler and freezer on premises. Business is split 50/50 between lunch and dinner. Low inventory due to frequent delivery for freshness.

Business selling price - $299.000
Rental Lease - $13,500/mo - negotiable

For showing or for more information, please contact Mr Michael Cee @ 669-265-5483.

More Infos..

Established in 2000, this restaurant has a loyal customer base of 16 years. Full liquor license, separate bar and dining area. The only Malaysian and Thai Cuisine at DC area. Step into a newly constructed contemporary Cuisine with delicious Asian fare perfectly prepared and presented by wait staff in classic black/sarong(batik Apron) attire. Known throughout the area for its fresh ingredients and hand-made dough from scratch daily. The kitchen is a chef/entrepreneurs’ dream built for efficiency and speed. No wonder, it was designed by the chef/owner and includes all cooking WOKs, dough mixer, efficient line, separate washing area, ample cold & dry storage and so much more. This is the perfect operation for a chef who wants to step up to ownership and control. Consistently generating a solid gross there is opportunity to expand the revenue without adding space or cost. Right at the downtown of Bethesda, right behind Giant Supermarket in busy strip with plenty of customer parking.

Detailed Information

Facilities:
Seats over 120 people inside and an additional 20 seats at bar.Spacious with cheap rent for Bethesda, Maryland. Partial new equipment sand furnishings in 2015.
Support & Training:
Owner and mostly employees will train during transition. Most employees will stay if desire.
Reason for Selling:
Owner is retired, none of the kids interested in the restaurant field.
Business Website:
http://www.penangmaryland.com

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Asset Sale Listed By:
Michael Cee

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