For Sale
Dim Sum Restaurant
Email seller for location and particulars.

$457,000

dimsumforsale@gmail.com

Dim Sum restaurant for sale in very busy location of a mid-sized city.  This is the only dim sum restaurant in a unique area of the city -- very close to the university and a lot of local residences.  The restaurant specializes in dim sum and authentic Chinese food and has been built up into a very successful business.  There is huge potential in adding delivery service and liquor sales.  This is a hands-on business and the buyer should consider working in the restaurant as well as managing staff.  The building is leased and a longer lease can be signed upon approval by the landlord.  If you are a serious buyer, let's negotiate a price.  Additional information will be released to you after signing a confidentiality agreement. 
For more information
please email your name and contact information to:

 dimsumforsale@gmail.com  

DETAILS:
  • seller renovated building and opened a Dim Sum restaurant in 2004
  • $200,000 was invested in renovations and equipment
  • open 6 days per week from 11AM until 10PM
  • primarily dine-in restaurant
  • take-out service is approximately 10%; there is no delivery service

Anticipate a 75% return on investment; pay for everything in less than 2 years!

GROSS SALES:
  • 2008 - $997,000
  • 2009 - $1,300,000
  • 2010 - $1,500,000
  • 2011 - $1,650,000
VALUE/FINANCIAL INFORMATION:
  • real normalized net (before tax): $328,000
  • less taxes of $41,000: $210,000
  • plus discretionary wage overpayment: $286,000 normalized net income
  • Value of Cash Flow (1.25 x normalized net income): $357,500
  • plus hard assets of $100,000 = $457,500

NOTE: These are very low estimates. Knowledge and hard work are required to make the larger numbers happen.

For more information
please email your name and contact information to:

 dimsumforsale@gmail.com  


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This Page Last Revised
 December 10, 2011

E-mail Eric Jordan
ŠPinServices Ltd. 2011
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