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Chinese Seafood restaurant in the heart of Las Vegas China Town. This is a very well established business and does over 2 million per year but is family run with many family members on payroll thus lowering the reported net profit. Food cost are under control and reasonable but a new owner will need to replace the family with a much lower, market rate employees which will boost profit by, according to the seller, over $250,000. Ideal buyer is someone with restaurant experience who can get payroll cost under contract and reap the benefits of purchasing a highly profitable business at a very discounted price. All revenue is verifiable on filed tax returns. For more information including a detailed confidential opportunity summary with financial information and photos, please email the listing agent.
This is a leased location of 6825 square feet with a Total Rent of $33,870. Lease expires this year with One 6 year lease options. Seller is active in the business with 25 FT employees and 15 PT employees. Hours of operation are 9 AM to 2 PM, Mon-Sun. $5,000 in Inventory and $100,000 in FF&E included in Asking Price. $150,000 made in Leasehold Improvements.
Seller is retiring
9 AM to 2 PM, Mon-Sun
14 Calendar Days
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