Very Well known and Decades Old Asian Restaurant

Langhorne, PA
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Asking Price:$1,050,000
Gross Revenue:$1,100,000
Established Year:1977
Cash Flow:$320,000
Real Estate:$1,400,000
BUSINESS DESCRIPTION

Long standing, well established and well-respected restaurant and bar in existence for over 45 years by same owner.

Large 4500 sf. facility on one-acre high traffic main artery with 200 feet of road frontage providing much visibility and exposure along with large signage.

Great high density of population (homes and apartments) and many businesses within a 5 mile radius, this is the place to go.

Those out of the immediate area travel for there menu and quality.

Parking for up to 70-80 cars.

Restaurant seats 165 and 20 at the bar and does a big take-out business

Currently restaurant is an Asian theme but can be changed to almost any type cuisine.

3900 sf basement provides substantial storage for inventory, refrigeration, equipment, etc. Price includes all , equipment, fixtures and PALCB restaurant “R” license ( Bucks "R" license alone has a current value of $365K).

Offered at $1.050M for the business and the valuable Bucks County Liquor license.

Some Owner financing available for a qualified Buyer.

Real Estate and business can be purchased together at $2.2M

Information and financials are available upon signing an NDA.

Current appraisal of the real estate is $1.4million.

For additional information:

Contact

Michael

215 681 6888


DETAILED INFORMATION
Location
Langhorne, PA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
4,500
Employees
9
Facilities
Well appointed Restaurant which also has a bar area. All equipment and Liquor are included in the Sale of the Business. Real Estate is also available to purchase.
Competition
Very high amount of population in the area and the Restaurant is so well known and their quality, that others living in the surrounding Townships dine here.
Support & Training
Owners are willing to stay on for a period of time during the transition period.
Reason for Selling
Retirement
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michael weisberg