Buy a Business

Advert Ref: 5827

Chinese Restaurant

Details: Asking price:$220,000; Sales revenue:$360,000; Net profit:$120,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Chinese Restaurant---Very profitable neat and clean Restaurant which offers Dinning In, Carry-Out and Delivery Service, seating capacity of 35, excellent location. Sale also includes a very valuable 7-day liquor license. Hurry!! Current owner has a very valuable liquor license, which allows beer, wine and cocktails 7-days, a license worth $75-100,000 right now in Prince George's County, because the county is not issuing any more of it's type. The new owners can continue with the same successful concept or, change to a Bar or other type of establishment. Very nice, clean little restaurant, quiet area, good location.

General information: Employees: 5; Trading hours: 11-10 Sun-Thur, 11-11 Fri-Sat; Real Estate: Lease; Lease terms:$3200/mo +$600/mo tax & ins., $150/mo CAM; Location:Building Size 1500 sq ft
Utilities $1500/mo (gas & elec), $150/mo (water), $150/mo (tel)
Equipment List will be provided
Inventory Aprox $5000-6500, final TBD day of closing
Licenses Yes
Parking Ample-shopping center; Reasons for selling:relocating