What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $311,981.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, 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 $82,000 with all equipment included! For additional information and to evaluate this business further Contact Us About This Restaurant Here!