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30 Yr Chinese Buffet with Seller Financing Available

Mobile County, AL

Seller Financing Available
30 Yr Chinese Buffet with Seller Financing Available
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Asking Price: $500,000

Cash Flow: $381,389

Gross Revenue: $1,288,981

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Rent: $7,900 /Month

Established: N/A

30 Yr Chinese Buffet with Seller Financing Available

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Business Description

30+ Yr Reputation, Premier Location = CASH COW!!!

Price Reduced. Reputable Chinese Restaurant & Buffet with desirable location in major Gulf Coast City. Incredible following and repeat customers. Family owned and operated for past 30+ years in same location. Consistent net cash flow of $300-400k per year. Best lunch buffet in town. Restaurant is located on major road connecting airport and residential areas to I-65/I-10. Owner is seeking retirement, but will gladly assist buyer for seamless transition. Owner will assist buyer for up to one month (included in listing price) and up to 6 months for reasonable compensation as mutually agreed. Excellent business acquisition opportunity for a fast-paced, high volume, high quality family-run business.

Detailed Information

Location:
Mobile County, AL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,750
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Landlord willing to sign long-term lease with options.
Financing:
250000.00
Support & Training:
4 weeks
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Christopher Bruner

Business Listed By:
Christopher Bruner

Transworld Business Advisors of Mobile

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Sponsoring Broker:
Bill Kleinschrodt, CPA, CVA, CFC

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