Asian Restaurant In Northeast Texas For Sale

Business description

This is an Asian theme restaurant with a diverse menu that that includes steak, seafood and sushi. A full bar compliments this 5000 sq.ft. restaurant. "Casual Elegance" is how the owner describes the ambience of this establishment. As it is currently configured,the main dining room seats 88; a seperate banquet romm can seat 55 comfortably.

Property information

Real Estate:

Lease

Lease terms:

Primary term expires 7/2011; seller will exercise 5 year option for renewal

Leasehold rent:

$64,000 per annum

Business Operation

Competition / Market:

This is considered to be the best restaurant in the area; both in ambience/atmosphere and menu quality.

Reasons for selling:

Seller has health issues

Trading hours:

Monday-Thursday 11am-10pm
Friday-Saturday 11am-11pm

Employees:

12FT 14PT

Years established:

2006

Other information

Support & training:

Seller will assist in transition

Furniture / Fixtures value:

$331,998 (included in the asking price)

Inventory / Stock value:

$8,000 (included in the asking price)