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Chinese Restaurant Specializing In Las Vegas For Sale

Las Vegas, Nevada, US
Asking Price:
$80,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,087,284
Cash Flow:
$78,290

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 a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978)

Property Information

Real Estate:

Lease

Location:

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.

Size in square feet:
6,825

Business Operation

Reasons for selling:

Seller is retiring

Trading hours:

9 AM to 2 PM, Mon-Sun

Employees:
25 FT 15 PT
Years established:
1998

Other Information

Support & training:

14 Calendar Days

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price

Contact Information

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