A bustling China Town seafood restaurant renowned for its exceptional dine-in service. Spanning nearly 5,000 square feet, this establishment boasts a full bar and a valuable liquor license. Last year, the restaurant welcomed 42,935 guests, primarily serving diners on-site with a 98% dine-in rate. It generated impressive gross revenue of $1,811,639.64, showcasing its popularity and operational success. This business is ideally suited for a restaurant owner-operator who is passionate about maintaining a high-quality dining experience and wishes to step into a well-established venue with a strong customer base. This opportunity not only offers a turnkey operation but also the potential for continued growth under the guidance of an experienced operator. For a quick response to your inquiry, please email listing agent Trent Lee.
- Asking Price:
- $399,000 Inventory / Stock included
- Sales Revenue:
- $1,603,938
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$23,000 per annum
- Premises Details:
-
This is a leased location of 4,341 square feet with a Total monthly rent of $23,000. Lease ends 2032 with 1 option. Seller is active with 15FT employees. Hours of operation are 12–10 PM Monday to Sunday. $10,000 in inventory and $500,000 in FF&E included in the asking price. $700,000 made in leasehold improvements. Liquor license required.
- Size in square feet:
- 4,341
Business Operation
- Reasons for selling:
-
Seller is building another restaurant triple the size, needs to focus on his other location.
- Trading hours:
-
12–10PM Monday to Sunday
- Employees:
- 15
- Years established:
- 1.5
Other Information
- Support & training:
-
14 days
- Furniture / Fixtures value:
- $500,000
- Inventory / Stock value:
- $10,000 - included in the asking price
