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.
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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.
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