Business Overview

This well-established and very profitable Chinese restaurant has been serving the Puyallup community for over 15 years. Their commitment to customer service, the freshest ingredients, and high-quality standards have made this the go-to restaurant to indulge your cravings of Authentic Chinese Cuisine.
This is a turnkey restaurant with a large kitchen, beautiful dining room and a very loyal customer base and continued growth potential. Located in a busy shopping area with plenty of foot traffic and parking. Authentic dishes and high quality food make the dining experience a pleasure. Don’t miss this opportunity!

Financial

  • Asking Price: $400,000
  • Cash Flow: $408,000
  • Gross Revenue: $1,246,000
  • EBITDA: N/A
  • FF&E: $172,150
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

next chapter

Additional Info

The property is leased by the company for $7,400 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is extremely vital that you not count completely on a seller's word, yet instead, utilize the vendor's solution together with your general due diligence. This will repaint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new consumers? Often times, companies have repeat clients, which develop the core of their daily profits. Particular factors such as new competition sprouting up around the area, roadway construction, and also staff turnover can impact repeat consumers as well as adversely affect future earnings. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the opportunity to construct a returning consumer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? How might the regional typical home earnings effect future income potential?