What is the current gross revenue for this restaurant?
This is an asset sale. Currently no income is being generated. Great opportunity for someone looking to venture into a similar business. The space has been built out to accommodate and operate as a Chinese Restaurant. For more information and general estimates for earning potential for a Chinese Restaurant Go Here.
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?
Unfortunately there is no seller financing and since there is no established income, this business will not qualify for a business or SBA loan. However, if financing is needed for startup cost 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. Lease terms include 4.5 years remaining at $1689 per month. New owner must be approved to take over. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Currently located in Apollo Beach, Florida. 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 Refridgerator (7×7), 3 Compartment Gas Wok Burners, Bread Oven (4x3x4), Prep Refrigerator, Deep Fryer, 3 Compartment Sink, 1 Compartment Sink, Prep Table, 6 ft tall Refrigerator, Freezer (3×4), Freezer (3×6), Beverage Cooler, Prep Table, Refrigerator, Ricer Cooker, Rice Warmer, Tables, Chairs, Mop Bucket, and a ladder. Estimated value $40,000.
What size and how many customers can this restaurant seat?
Restaurant is 808 sq. ft. and seats 12 inside and 8 outside for a total seating of 20 customers.
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?
No, due to the location of the store in and its proximity in the plaza there is no option for a drive-thru, however most Chinese Restaurants offer take-out service. New owner may choose to offer delivery service.
How long has the seller owned the restaurant?
Owner purchase 6 months ago.
Why is the owner selling?
Owner is unable to operate due to health.
What are the hours of operation?
On average Chinese Restaurants are open from 10am to 9pm, Monday-Sunday. New owner may set their own hours.
What type of neighboring business are in the area?
Currently this plaza has the following businesses: Nail/Spa, UPS store, Furniture Store, and more.
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?
Located in an established plaza with a neighboring Publix. Low rent! Restaurant has been built-out to accommodate and operate as a Chinese Take-Out Restaurant, however new owner may purchase and bring their business model and operate as any type of restaurant. Priced to sell at $39,900 with all equipment included! For additional information and to evaluate this business further Contact Us About This Restaurant Here!