Established Asian restaurant in affluent area
Business Description
Unbeatable location and rent! One block from Pike&Rose, located on the first floor of the luxury apartment building within walking distance to the metro station. Rent is below the market rate. The current owner is an absentee with around $100,000 cash flow annually. However the chef and employee may not stay after sale. Itβs good for someone who has a team to take over the existing business and easily make growth from there. Currently majority revenue is from dining-in and only 15-20% through third-party delivery. Original improvement cost around $800k and everything is about 5 years new.
About the Business
- Years in Operation
- 5
- Employees
- 9
- Currently Home Based
- Yes
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- Not Disclosed
- Lease Expiration
- 8/31/2028
About the Sale
- Seller Motivation
- Seller is switching to other business
- Transition Support
- Two weeks
Listing Info
- ID
- 2351869
- Listing Views
- 937
Listing ID: 2351869 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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