Well-Established Upscale Chinese Restaurant

Utah County, UT

Seller Financing Available
Well-Established Upscale Chinese Restaurant
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Asking Price: $350,000

Cash Flow: $161,032

Gross Revenue: $556,852

EBITDA: N/A

FF&E: $60,000

Inventory: $1,000*

Rent: $7,000 /Month

Established: 2006

*not included in asking price.

Well-Established Upscale Chinese Restaurant

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Business Description

This restaurant has been in business for over 12 years with a dedicated, repeat customer base. The business is located in a high-traffic location close to higher-end retail and office parks in Utah County. The restaurant specializes in dishes that are made to order, including “design your own” dishes. The atmosphere is Asian-modern with a fine dining atmosphere while still being family-friendly.

Detailed Information

Location:
Utah County, UT
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant opened in its current format in 2006, and the original owners are still managing and operating the business.
Competition:
There are approximately 13 other locally-owned Chinese restaurants within a five-mile radius of this restaurant, as well as a P.F. Chang’s. There are other fast-service Asian restaurants nearby but are not considered competition. This establishment has a beer and wine license, unlike many of the other Chinese restaurants in the area.
Growth & Expansion:
This is a great opportunity to take a successful restaurant and build on the current model! Growth will come from a more robust online presence, marketing for takeout/lunch traffic, and adding delivery options.
Financing:
175,000.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Arthur Warsoff

Business Listed By:
Arthur Warsoff

Transworld Business Advisors of Utah County

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