Successful Chinese Restaurant In Victoria For Sale

Business description

Successful Chinese restaurant established 1996. In a high profile, easily accessible location with ample free parking and within a largest trade area for delivery. Production kitchen, professional interior design and long term dedicated staff. Consistent six figure income to the managing owner. 4,688 sq. ft, and licensed for 140. This is one of Victoria's top Chinese restaurants.

Property information

Real Estate:

Lease

Lease terms:

5 years with 5 year renewal

Leasehold rent:

$145,000 per annum

Location:

Shopping center location in great trade area

Premises details:

4,700 sq.ft facility

Business Operation

Competition / Market:

limited

Reasons for selling:

Retirement

Employees:

12

Years established:

1996

Other information

Support & training:

Seller will provide for a smooth transition

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller may carry some financing for the right buyer

Furniture / Fixtures value:

$232,000 (included in the asking price)

Inventory / Stock value:

$7,000