UA-127792026-1

Price Drop - 30 Yr. High Vol. / High Margin Buffet Style Rest.

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
Price Drop - 30 Yr. High Vol. / High Margin Buffet Style Rest.

Business Listed By:

Chris Bruner
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