• Listing ID: 1250805

Chinese Buffet In Phoenix For Sale


Location:
Category:
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Type:

Asking price:
$225,000 (Furniture / Fixtures included)
Sales revenue:
$732,688
Cash flow:
$80,954
Years established:
2
Employees:
10 ft & 1 pt

No image available

Beautiful decor! This restaurant was completely renovated in 2009. They offer an appetizing Chinese Buffet for Lunch and Dinner 7 days per week and have established a large repeat clientele. Located in an 8000 sq ft, free standing building on a very busy North Phoenix intersection. Seats 250 and has a large parking lot to accommodate the customers. They also rent out part of their back parking lot on Wed, Fri & Sat nights after 9:00 pm and are paid $460 per month. Good books & records. Seller will accept $150,000 for a cash sale.


Real Estate:
Lease
Lease terms:
Monthly rent $9,000. Lease expires January 2014 & has a 5 year option to renew. Lease deposit is $9,000.
Size in square feet:
8000 sq ft

Support & training:
2 weeks
Reasons for selling:
Relocating
Trading hours:
Monday through Thursday 11am-9:30pm; Friday through Sunday 11am-10pm.
Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:
$112,500 down; Balance @ 7 years; 6% interest
Furniture / Fixtures value:
$225,000 (included in the asking price)
Inventory / Stock value:
$20,000

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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