Listing Number: 76931-84080
This Asian restaurant was established in 1979, and was relocated in 1990 to the current location. Under the direction and management of the same head chef and owner, it continues to be profitable in its 38 years of history. Conveniently located, this establishment is easily and quickly accessible from major highway I-20. There are also a complimentary 4 casinos located approximately 15 minutes away making this fine dining location ideal for residents and casino visiting patrons. This well-known restaurant offers an excellent combination of Chinese and Japanese table served a-la-carte cuisine. Seating capacity is 120 seats in a free stand building of approximately 3500 sq. ft. on a 0.5-acre land owned by the seller. This fully turnkey establishment consists of a freestanding building with 35 parking spaces. This restaurant has two licenses; a beer and wine license and an ABC liquor license.
The business is priced at only $410,000 including FF&E of approximately $250,000 and inventory of approximately $5,000. The real estate property is valued at $310,000 according to the evaluation of the county appraisal district. It includes the land (0.5 acres) and the restaurant building (3,500 Sq ft.) on it.
The owner is retiring, the business and real estate property must be sold together. The total price for the combined business and real estate property is only $720,000. Seller's Financing is available.
A great opportunity for those who want to acquire a profitable and stable business with real estate investment.
Owner prepared to assist in the transition during a two-week period, as negotiated with the buyer.
- Price: $720,000
- Down Payment: $432,000
- Sellers Discretionary Earnings: $313,149
- Total Sales: $870,000
- Location: Mississippi
- Inventory: $5,000
- FF&E: $250,000
- Employees: 11
- Year Established: 1979
- Reason for Selling: Owner retiring
- Category: Restaurants