Listing Number: 24876-290703
Description
Reputable Chinese Restaurant & Buffet with desirable location in major Gulf Coast City. Incredible following and repeat customers. Family owned and operated for past 30+ years in same location. Best lunch buffet in town. Restaurant is located on major road connecting airport and residential areas to I-65/I-10. Owner is seeking retirement, but will gladly assist buyer for seamless transition. Owner will assist buyer for up to one month (included in listing price) and up to 6 months for reasonable compensation as mutually agreed. Excellent business acquisition opportunity for a fast-paced, high volume, high quality family-run business.
Priced at 1X Seller's Annual Net Income (with only $250k down)!!! Consistent net cash flow of $300-400k per year, every year. How often can you find a business for sale where your entire payback period is less than 1 year??? Call us today as Seller is highly motivated to find buyer ASAP.
Listing Details
- Price: $349,999
- Down Payment: $175,000
- Sellers Discretionary Earnings: $381,389
- Total Sales: $1,288,981
- Location: Mobile County, Alabama
- Inventory: $0
- FF&E: $150,000
- Employees: 15
- Reason for Selling: Retirement
- Category: Restaurants
