Chinese Food Restaurant For Sale - Chantilly, Virginia
Chinese Food Restaurant For Sale in Chantilly, Virginia for $86,000! Established business opportunity, currently grossing an estimated $311,981 and nets $119,854 as an owner operator. Restaurant benefits from a great location and low rent. Located on a busy highway with neighboring businesses and retail stores. Restaurant has been built-out to accommodate and operate as a Chinese Restaurant and currently offers a dine-in and take-out menu. Includes all equipment. Restaurant can seat 20 inside. This business is well established with a loyal customer base and great reviews.
Frequently Asked Questions:   Price: $86,000   Cash Flow: $119,854   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $311,981.
How much money does the restaurant profit? Profits are generated from the gross revenue, minus food purchases, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? There is no seller financing. This business may qualify for a business or SBA loan. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. New owner will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Restaurant is located in Chantilly, Virginia. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: Hood, Walk-In Refrigerator , 3 Compartment Gas Wok Burners, Deep Fryer, Compartment Sink, Prep Table, Freezer, Cooler, Prep Tables, Refrigerator, Ricer Cooker, Rice Warmer, Tables, Chairs. Estimated value is $30,000.
What size and how many customers can this restaurant seat? Restaurant is 2400 sq. ft. and seats 20 inside.
Does this restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru but a delivery service is offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for 5 years.
Why is the owner selling? Seller owns another business.
What are the hours of operation? Restaurant operates 10:30am - 9:30pm Monday - Sunday.
What type of neighboring business are in the area? Restaurant has neighboring businesses and retail stores.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Great location with low rent! Restaurant has been built-out to accommodate and operate as a Chinese Take-Out Restaurant. Priced to sell at $86,000 with all equipment included! For additional information and to evaluate this business more Contact Us Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.