Profitable Chinese Restaurant For Sale

Greenville, TX (Hunt County)

Kitchen
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Asking Price: $330,000

Cash Flow: N/A

Gross Revenue: $800,000

EBITDA: N/A

FF&E: $180,000

Inventory: $20,000

Rent: $5,000 /Month

Established: 2003

Profitable Chinese Restaurant For Sale

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Business Description

Profitable Chinese Restaurant with over 16 years in Business with the same owner, Current location has been established since 1970's and reason for sale is because the Owner is wanting to retire. "Reported Monthly Gross Sale" for the past 12 months average is over $66,500. Many established clients with sustainable business each month.

Detailed Information

Location:
Greenville, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All business equipment will convey with the exception of (1) Soda dispenser - provided by Pepsi Co. (2) Table cloth & Napkin - leased from provider (3) Dragon cedar wood hand carved sofa - will not convey Restaurant equipment includes - 65 tables plus booths, 250 chairs, walk-in fridge & freezer, prep tables, 80" TV, 62" bar cooler, wine refrigerator, tea machine, coffee maker, tea dispenser barrel, ice maker & ben, 3 food cart, hot tea maker, 2 rice warmers, 2 rice makers, 2 fryers, 1 double door refrigerator, 1 double door freezer plus more...
Competition:
Located in Greenville Texas with a NAFTA trade highway, and on U.S. Highways 380 & 69, in addition to major rail service, gives businesses the opportunity to manufacture and deliver products to points across the continent. Because Greenville is the “IH-30 East Gateway to the Dallas Fort Worth Metroplex”, your company will have access to a labor force of over 899,000 workers within a 40-mile radius. Many of the 21,000-plus employees who currently work in Greenville find the commute easy and convenient.
Growth & Expansion:
With limited competition located in a growing community, there are many areas that a new Buyer can improve to gain additional clients. With the most review on Yelp, over 60% of reviews are between 4-5 stars.
Support & Training:
Seller is willing to train any buyers for a specific period of time
Reason for Selling:
Owner is retiring
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Business Listed By:
Larry Chi

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