Chinese Food Restaurant For Sale – Greater Seattle, Washington
Chinese Food Restaurant For Sale in the Greater Seattle, Washington area for $109,900! Seller financing available with approximately $89,900 down! Established in 1991, this is a popular business in the community with a loyal customer base and reviews. It is currently grossing an estimated $717,378 and nets $125,420 as an owner/operator. Restaurant is built-out to accommodate and operate as a Chinese Restaurant. Great curb appeal, parking on both sides, and is in a central location. Situated on the main street, busy highway with neighboring restaurants, service businesses and residential properties. The price includes all equipment. Large restaurant that can seat 90 inside. Current owner will retire and is willing to stay on to train the new owner. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $717,378.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Seller will finance up to $20,000. Terms to be discussed. If more financing is needed for startup costs you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. New owner will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
This restaurant is located in the Greater Seattle area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: ovens, grills, fryers, stoves, hot steam table, warmers, commercial toasters, mixers, refrigerators, microwaves, walk in freezer, walk in cooler, bar supplies, POS systems, small wares, chairs and tables, camera system, office desks and smallwares.
What size and how many customers can this restaurant seat?
Restaurant can seat 90 inside.
Does this restaurant currently have a beer or liquor license?
Yes this restaurant has a beer and wine license.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru but a delivery service is offered
How long has the seller owned the restaurant?
Seller has owned this restaurant for 26 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
Restaurant operates 11am – 10pm Mpnday – Sunday.
What type of neighboring business are in the area?
Neighboring businesses include restaurtants, retail stores and service businesses.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Great location on a busy highway. Restaurant has been built-out to accommodate and operate as a Chinese Restaurant. Priced to sell at $109,900 with all equipment included! Owner will train. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.
Washington Greater Seattle Washington United States