Successful Family owned Chinese Restaurant

Muscatine, IA (Muscatine County)

Successful Family owned Chinese Restaurant
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Asking Price: $295,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,148 /Month

Established: 1979

Successful Family owned Chinese Restaurant

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Business Description

Over 40 years of profitable history on sale!

After 40 successful years the owner of this family owned restaurant,wishes to retire. This is a turn key sale with ALL fixtures, recipes and remaining lease term with option for additional 10 yrs.[subject to LL approval].
This business is not closing until we have an acceptable Buyer!
Newer HVAC, and all kitchen & Freezers in great working condition. Truck dock available for vendors.
In a small successful strip mall, located on a high-traffic area, near hotels, shopping and plenty of parking.

Detailed Information

Location:
Muscatine, IA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,280
Lease Expiration:
8/21/2022
Employees:
20
Competition:
Several weaker Asian restaurants
Growth & Expansion:
Currently no web presence, owners do not pursue catering, or on line orders.
Support & Training:
Owner will train with an acceptable offer
Reason for Selling:
Retirement
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Business Location


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(from currently available funds)
 
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George Granberg

Business Listed By:
George Granberg

Mr.

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