Price Reduced to $1.6M-Central,Or. Restaurant, w/Drive Thru, RE, Hwy97

Redmond, OR
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Asking Price:$1,600,000
Gross Revenue:$958,927
EBITDA:$402,599
Real Estate:$1,600,000
Cash Flow:$402,599
Inventory:$7,500
FF&E:$125,000
Established Year:2004
BUSINESS DESCRIPTION

Located on Hwy 97 in Redmond, renowned Cindy's Chinese Garden is for sale. This well established and profitable business has been a mainstay in the community for nearly 20 years serving both Chinese and American cuisine.
The building was built and designed specifically for a restaurant and features a "Drive Thru Window", walk in cooler, walk in freezer, grill, hood and all necessary equipment to operate a successful restaurant.
The business lot has 87 parking spaces, providing ample parking and a "Drive Thru Window" for ease and convenience. The bar area is separate from the main dining area allowing for easy expansion of the bar for sports viewing or private events.
The business occupies a modern 4,476 sgft facility featuring two dining areas seating 81 patrons and a bar with additional seating. The building also features a second story for office and storage space.
The building is very versatile and can be converted into any type of restaurant and the location is highly visible with easy access.
The building design and structure will accommodate any type of Restaurant and can be transformed with minor interior remodeling.
The owners are retiring and will train new owners.


DETAILED INFORMATION
Location
Redmond, OR
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,476
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Cindy's Chinese Garden occupies a modern 4,476 sq ft facility and was designed and built specifically for a restaurant. The building has two large dining areas allowing for banquets and large groups, a full service bar and and a second story for office and storage space. The large lot contains 87 parking spaces and the restaurant can seat 81 patrons. The kitchen also features a Walk in Cooler and Walk in Freezer.
Competition
The Restaurant is located in the "Restaurant Row" area of Redmond along Hwy 97 and is the only Asian Restaurant in that area.
Growth & Expansion
The business could benefit from additional social media presence.
Financing
Seller Prefers Cash
Support & Training
Owner will train
Reason for Selling
Retiring
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Gary
L. Weston
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Gary L. Weston