Fully Equipped Asian Restaurant For Sale

Undisclosed Address, Illinois
Business Opportunity for Sale
Catylist Listing ID: 30759530
Property Subtypes: Food and Beverage
Building Size (RSF): 2,400 SF
Sale Price: $99,000
Name of Establishment: Chinmi Asian Cuisine
Business Website Address: www.chinmirockford.com
Year Business Established: 2017
Gross Revenue: $72,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: The sale price doesn't include inventories. The sale price includes the equipment as following: Ranger, Deep Flyers, Prep Refrigerator, Refrigerator, Freezer, Dishes, Tables, Chairs, Utensils and many more for the buyer to run the business right away. Dishwasher which is rented from a company does not included in the sale.
Last Updated: 9/19/2021

Overview / Comments

Turnkey Business!
This fully-equipped Asian cuisine restaurant located in a very busy shopping plaza that contains a grocery chain , laundromat, restaurant , dental office and many more in a large city Rockford which is around 1.5 hours away from Chicago. The restaurant also sits close to the main street with lots of business stores and houses nearby.
The restaurant has been built since 2017 with charming decors providing cozy atmosphere for dinners! It has a good amount of repeat dinners with the owner only advertised the restaurant once. The restaurant serves sushi, Chinese food and alcohols. With the rapidly growing business in delivery, the restaurant also works with grubhub and doordash for delivery orders.
The rent is $3571/month gross (Also includes water, trash fee and parking lot maintenance fee)
Don’t miss this great opportunity! Schedule your showing today.
Please contact Alice Lin at 8159805630 for the showings.

Additional Details

Industry Segment: Restaurants
Reason for Selling: The restaurant has been short-handed often.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $250,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: The lease expires the end of 2022 with optional years.
Employee/Labor Description: Currently One waitress, one part-time cook and one full-time chef. There was another full-time chef that recently quit.
Mgmt/Training Support Description: The seller is willing to train the buyer how to use the cash register machine and provide marketing information about the current customers.
Competition/Market Description: This Asian Cuisine restaurant is located at a very busy shopping center and near to the main street East State street.
Growth/Expansion Opportunities: Since the restaurant opened, the owner only advertised once. There is much room to growth if the new buyer advertises it and let more customers know about their food. Also the buyer can add more special food to the menu to attract more customers. Such as Korean food, Tai food and Vietnamese food and so on.
Seller Financing Description: No Seller Financing.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,640 29,645
Median Age: 39.63 39.18
Households: 3,271 11,775
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