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Insanely Profitable Asian Restaurant and Karaoke Bar for Sale!

Broomfield, CO (Broomfield County)

Seller Financing Available
We Sell Restaurants - Colorado Restaurant Brokers
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Asking Price: $299,000

Cash Flow: $142,169

Gross Revenue: $542,012

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,786 /Month

Established: 2014

Insanely Profitable Asian Restaurant and Karaoke Bar for Sale!

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Business Description

Sales of Almost $550,000!

PRICE RECENTLY REDUCED! SELLER IS MOTIVATED! Check out this very profitable karaoke bar and Asian Restaurant for Sale. Sales of over $542,000 in 2018 with Seller's discretionary income of almost $140,000! Seller is motivated. This deal won't last long.
This established Asian restaurant for sale has a karaoke bar and is located in a busy strip center with a variety of other Asian businesses on the north side of the Denver, Metro area. It features good signage, easy access, great visibility and plenty of parking. Established in 2014 it serves traditional Chinese dishes and Thai specialties, has a full liquor license and a thriving Karaoke late-night business.
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There is a large entrance area that protects your guests from the wind and cold when the door is being used. The dining room seats about 80 with an additional 8 seats at the fully stocked bar in this gorgeous restaurant for sale. There are also several private ''K-TV'' Karaoke rooms that seat from 6 to 18 people. Each is equipped with a karaoke machine, speakers, microphones and at flat screen TV. They are used on a first-come-first-served basis or reserved for large parties and special occasions. It is really the best of its kind set up in the entire Denver, metro area and We Sell Restaurants has an eye for what is currently trending.
The fully equipped commercial kitchen has it all and can support any menu. There is a below-ground grease trap, a huge 30-foot hood system, walk-in cooler and freezer, fryers, an 8 wok system, an 8 burner stove, 3 fryers and plenty of hot and cold storage. In addition, there are 3 rice cookers, a large mixer, a slicer and an abundance of food storage and preparation equipment. You have everything you need for any concept you can think of in this restaurant for sale. Rent is very competitive at $6,800 per month for over 5800 square feet. There is one year left on the lease and a 5-year option.
This restaurant for sale has strong financials and has shown a consistent rise in profits and sales every year since first opening. The staff is loyal and well trained and the seller will stay on for a negotiated period of time to ensure a smooth transition for a new owner. Some Seller financing could be available to a well-qualified Buyer.

Detailed Information

Location:
Broomfield, CO
Real Estate:
Leased
Building SF:
5,800
Lease Expiration:
6/1/2020
Employees:
6
Facilities:
Host stand SS prep table 2 open signs 20 chairs 8 bar stools 9-4 tops 2-6 tops 4 booths Bar Keg cooler POS system copy machine ice well 2 door glass cooler Flat screen TV Service Area Microwave Glass door reach in cooler SS sink BOH 3 SS hand sinks mixer 2 door reach in glass door reach in 2 door stand up cooler 3 rice cookers vacume ladder can opener Ss prep table 8 eye burner with stove large gas burner 2 fryers 2 sandwich prep coolers 8 wok cooking system microwave misc food storage walk in cooler walk in freezer dishwasher ice machine 2 Ss prep tables Ss 3 comp sink slicer 5 SS prep tables mop bucket Misc food storage shelving Pots and pans 6 unit soup well 30 foot hood K-TV rooms 6 flat screens 6 karaoke machines 12 mics 6 speaker systems
Competition:
Best facility of it s kind in Denver 6 K-TV booths for parties and special occasions Large well equipped kitchen will support any menu
Growth & Expansion:
Lots of upside on a social media program that has not been fully developed
Support & Training:
TBN
Reason for Selling:
Health
Business Website:
http://www.wesellrestaurants.com
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Bob Steinberger

Business Listed By:
Bob Steinberger

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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