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Extremely Profitable - Chinese Buffet with Seller Financing

Mobile County, AL

Seller Financing Available
Extremely Profitable - Chinese Buffet with Seller Financing
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Asking Price: $699,000

Cash Flow: $434,651

Gross Revenue: $1,196,710

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Rent: $7,900 /Month

Established: N/A

Extremely Profitable - Chinese Buffet with Seller Financing

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Business Description

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

Priced to Sell! Reputable Chinese Restaurant & Buffet in the Best Shopping Center in the Area! Incredible following and repeat customers in a high income area. 70% Credit Card to 30% Cash Business. Family owned and operated for past 30+ years in same location. Consistently nets ~$35k per MONTH. 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 an ENTIRE YEAR 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:
350000.00
Support & Training:
4 weeks
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Bill Kleinschrodt, CPA, CVA, CFC

Business Listed By:
Bill Kleinschrodt, CPA, CVA, CFC

Transworld Business Advisors of Mobile

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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. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

Listing Statistics

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Demographic Information

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