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Wednesday, September 08, 2010
Listing Details - Chinese Restaurant
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Chinese Restaurant
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Central Arkansas - Saline
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
61583 |
| Status: |
Inactive |
Listing Details
| Listed Price: |
$450,000 |
| Down Payment: |
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| Total Sales: |
$450,311 |
| SDE: |
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| EBIT: |
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| EBITDA: |
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| FFE: |
$100,000 |
Included? Yes |
| Real Estate: |
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Included? No |
| Inventory: |
$5,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
couple ready to retire |
| Training: |
owners will train |
| Financing Terms: |
negotiable |
Operations
| Year Established: |
1997 |
| Last Acquired: |
1997 |
| Form of Ownership: |
S. Corp. |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 9 / Part Time: |
| Managers: |
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| Hours: |
11 a.m. to 9 p.m. seven days a week |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
6000 |
| Facilities: |
Attractive, free standing structure with a large parking lot located on the busiest road in the area. The restaurant offers a full service kitchen, the 200+ seating area gives a high end impression with expensive furnishings. |
Summary
| Business Description: |
This business is a well established chinese restaurant located on a busy street in an affluent, growing area just outside Little Rock in a suburb city. This store has serviced the area for over ten years, with emphasis on great food at an affordable price. The 6000 square foot facility on one acre is very attactive and seats over 200 customers. Recipes and complete training by the owners are included in the sale. |
| Historical Summary: |
started by the current owners in 1997. |
| Owner Qualifications: |
more than 20 years experience in food service. |
| Competition: |
normal amount in a growing area. |
| Potential Growth: |
The restuarant is located in a dry county, but a liquor license could be easily attained, according to the owner. A sushi bar, and advertising are additional ideas to expand business. Additionally, the restaurant currently offers a Sunday buffet only - this could be expanded to weekdays. |
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