Chinese Restaurant Very Well Known Decades in Business
Business Description
Long standing, well established and well-respected restaurant and bar in existence for over 47 years by same owner.
Large 4500 sf. facility on one-acre high traffic main artery with 200 feet of road frontage providing much visibility and exposure along with large signage.
Great high density of population (homes and apartments) and many businesses within a 5 mile radius, this is the place to go.
Those out of the immediate area travel for there menu and quality.
Parking for up to 70-80 cars.
Restaurant seats 165 and 20 at the bar and does a big take-out business
Currently restaurant is a Chinese Theme but can be changed to almost any type of cuisine.
3900 sf basement provides substantial storage for inventory, refrigeration, equipment, etc. Price includes all , equipment, fixtures and use of“R” Liquor license, (License valued at $375,000 not included in the price, but can be used under a Management Contract, which is included in the Selling Price.
Offered at $475,000 for the business only and the use of the valuable Bucks County Liquor license under a Management Contract
Real Estate and business, with the Liquor License (valued at $375,000) can be purchased together at $2.2M
Information and financials are available upon signing an NDA.
Current appraisal of the real estate is $1.4million.
For additional information:
Contact
Michael
215 681 6888
Large 4500 sf. facility on one-acre high traffic main artery with 200 feet of road frontage providing much visibility and exposure along with large signage.
Great high density of population (homes and apartments) and many businesses within a 5 mile radius, this is the place to go.
Those out of the immediate area travel for there menu and quality.
Parking for up to 70-80 cars.
Restaurant seats 165 and 20 at the bar and does a big take-out business
Currently restaurant is a Chinese Theme but can be changed to almost any type of cuisine.
3900 sf basement provides substantial storage for inventory, refrigeration, equipment, etc. Price includes all , equipment, fixtures and use of“R” Liquor license, (License valued at $375,000 not included in the price, but can be used under a Management Contract, which is included in the Selling Price.
Offered at $475,000 for the business only and the use of the valuable Bucks County Liquor license under a Management Contract
Real Estate and business, with the Liquor License (valued at $375,000) can be purchased together at $2.2M
Information and financials are available upon signing an NDA.
Current appraisal of the real estate is $1.4million.
For additional information:
Contact
Michael
215 681 6888
About the Business
- Years in Operation
- 48
- Employees
- 9
- Facilities & Assets
- Well appointed Restaurant which also has a bar area. All equipment and Liquor are included in the Sale of the Business.
Liqour License is not being included in the price, but can me used under a management contract, which is included in the sale price.
Rent $10,000 per month
Real Estate is also available to purchase which a new owner will have the first right to purchase the property - Market Outlook / Competition
- Very high amount of population in the area and the Restaurant is so well known and their quality, that others living in the surrounding Townships dine here.
- Opportunities for Growth
- Possibly can add Hot Pots in the adjoining dining room for additional revenue.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owners are willing to stay on for a period of time during the transition period.
Listing Info
- ID
- 2111819
- Listing Views
- 1621
Listing ID: 2111819 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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