3420vm Chinese Buffet
union, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $185,000 |
$900,000 |
$181,740 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$6,000 ( not included in the asking price)
Business Summary:
Figures are projected for full 1st year April 08. Huge 4,500 sq. ft. 150 seat chinese buffet (all you can consume at set price). Attracts flock of area customers, does delivery also. Great location close to the city hall, courthouse, schools, hosptial, police station college and v. brant business community. This is best possible location for this restaurant. Place has plenty of walk traffic. during first holiday season had partners of over 100 guests. Typical saturday 300 lunches and over 100 dinners. all new equipment in front and back of house. new owner has to make fortune here.
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| Year
Business was Established: 2007 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
brand new establishment with new top of line equipment 10 year lease, large facility with huge parking lot across. |
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| Potential
Growth/Expansion:
this restaurant has the size to perform many different ways for new buyer - perfect location. |
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| Competition:
only chinese buffet in area-there are several otehr fast food places nearby. this is only one sat up for buffet. |
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| Owner
willing to finance:
owner would accept financing for $35,000 payable at 8% over 4 yrs. |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
family illness forces sale |
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| REQUEST MORE INFO |
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