What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $717,378.
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?
This restaurant is located in the Greater Seattle area. 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: ovens, grills, fryers, stoves, hot steam table, warmers, commercial toasters, mixers, refrigerators, microwaves, walk in freezer, walk in cooler, bar supplies, POS systems, small wares, chairs and tables, camera system, office desks and smallwares.
What size and how many customers can this restaurant seat?
Restaurant can seat 90 inside.
Does this restaurant currently have a beer or liquor license?
Yes this restaurant has a beer and wine license.
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 26 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
Restaurant operates 11am – 10pm Mpnday – Sunday.
What type of neighboring business are in the area?
Neighboring businesses include restaurtants, retail stores and service businesses.
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 on a busy highway. Restaurant has been built-out to accommodate and operate as a Chinese Restaurant. Priced to sell at $109,900 with all equipment included! Owner will train. For additional information and to evaluate this business further Contact Us About This Restaurant Here!