Full Sit down Chinese Restaurant
Kane County, IL
| Asking Price: | $340,000 |
| Gross Revenue: | $900,000 |
| EBITDA: | $160,000 |
| Established Year: | 1988 |
| Cash Flow: | $117,000 |
| Inventory: | $2,500 |
| FF&E: | $74,000 |
Listing ID: 2285316Listing provided by BizBuySell
BUSINESS DESCRIPTION
30 Year Established Full Sit down Chinese Restaurant
This restaurant open in 1988 and serves Chinese, Mandarin and Cantonese style lunch and dinners. The restaurant has been awarded the best Asian cuisine in the fox valley area. The restaurant has 125 seats. It's in the heart of the town and very well known and can host private parties. There is plenty of parking for its customers. This restaurant of course does a huge carry out and pick up orders. The restaurant is an approximately 3000 square feet of space.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Kane County, IL
Inventory
Not Included in asking price
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Currently the hours of operation Tuesday through Thursday 2:30 PM to 9:00 PM and Friday 11:30 AM to 9:30 PM and Saturday and Sunday are 2:30 PM to 9:30 PM, closed Mondays. The kitchen and facility is completely well thought out and kept in excellent condition and clean and the lease currently expires 2030.
Competition
This Chinese restaurant is the only one downtown and with over 30 years being at the same location brings back loyal customers.
Growth & Expansion
Excellent opportunity to increase sales and profits by opening for lunch and re-establish the buffet. The owners getting ready to retire and have cut back on operating hours and having a daily buffet. The location is perfect for a lot of people that work in the town is centrally located.
Financing
It is the sellers option, pending offer and buyers credit.( 10 to 20% Max at 7% inter
Support & Training
The seller will train the buyers on all aspects of the business for up to 40 hours. All the staff, equipment, recipes, phone number and website go with the sale.
Reason for Selling
To Retire.
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