16 Year Asian Restaurant & Bar in Tri Cities, TN w/ POS Sales Data
| Asking Price: | $160,000 |
| Inventory: | $15,000 |
| FF&E: | $50,000 |
| Gross Revenue: | $780,000 |
| Rent: | $4,500/Month |
| Established Year: | 2008 |
Motivated seller - Profitable and great for a first-time buyer!
Well Established Asian Restaurant & Bar for Sale in the Tri Cities, TN area in business for 16 years with extensive POS Sales data available and OUTSTANDING return on investment! Are you ready to step into a ready-to-go, turn-key restaurant with long-term customers and long-term staff?Look no further! An EXCEPTIONAL opportunity awaits you in the Tri Cities, TN, area for the right buyer. This restaurant is located on the main busy street right next to a freeway entrance/exit with TONS of retail business and busy shopping centers, lots of parking, and fenced-in outside patio area in front which seats 30+.
Introducing a highly acclaimed Chinese restaurant with a full bar, boasting an impressive track record and stellar ratings across various platforms:
Google: 4.3 Stars with 498 Reviews
Yelp: 3.4 Stars with 68 Reviews
Spanning 5000 square feet, this restaurant is equipped to cater to 150+ guests comfortably. The restaurant dining room with beautiful double-sided natural gas fireplace, Separate bar/lounge room with performance area, and entry area with tasteful fish pond as well as a host counter.
In the kitchen area:
Walk-in freezer
Walk-in refrigerator
Various stand-alone freezers and refrigerators
Prep coolers
4 HUGE hoods
2 complete cook lines; one for restaurant and one for catering or large orders without affecting restaurant throughput
3 deep fryers
6 woks
2 oven/stoves
4 rice cookers
Flat grill
Dry storage room
Alcohol storage room
Office
Bathroom off the kitchen
HD Security Cameras
6 large TV's
High-end Point of Sale system with 3 terminals and extensive, full Sales and customer data for several years
Monitored security system
Full bar with seating for 15 on 2 sides, bar coolers, keg coolers, 6 taps, etc.
The current monthly sales average between $60,000 to $70,000, ~ $0.8 million in 2023. With a rent of ~$4,500 + electricity, which includes CAM, this opportunity offers an OUTSTANDING return on investment.
Here's what makes this opportunity shine:
Prime Location: Situated in a high-traffic area on the main busy street right next to a freeway entrance/exit with TONS of retail business and busy shopping centers.
Positive Reputation: Rave reviews from satisfied customers on Google and Yelp reflect the restaurant's commitment to excellence.
Full Bar: Full beer/wine/mixed liquor license, 2 bar guns, and a full bar/lounge area that is separate from the main dining room. Enhance your offerings and profitability with high margin cocktails!
Server station with soda fountain, coffee, iced tea, frig, freezer, sink, etc.
Beautiful entrance fish pond with display
Patio: Fenced-in outdoor patio area in front which seats 30+.
Women's rest room with 3 stalls
Men's rest room with 2 stalls and 1 urinal
Lots of regular customers, and some staff have been there more than 10+ years!
Take advantage of this rare chance to acquire a profitable restaurant poised for further growth and success! We are looking for a qualified buyer who has restaurant experience. We have an excellent reputation and would like to see the restaurant continue to grow and prosper. We are selling because we are planning to retire. We have time and it's important to find the right buyer to lead the dedicated, long-term team. Some of our staff have been there for 10+ years!
