Beautiful Chinese Restaurant w/ Excellent cash flow Under Owner Absent

Description

Chinese restaurant for sale in Rockville, Maryland. The business opened in 2022 and is currently operated on an absentee basis.

Financials

• Average monthly gross sales: approximately $150,000
• Annualized sales at that level: approximately $1.8 million
• Seller reports favorable lease terms
• Absentee ownership structure currently in place

Buyers should confirm current sales through POS reports, tax returns and bank statements and review the actual profitability separately from gross revenue.

Buildout and equipment

• Seller reports approximately $1.2 million invested in buildout and equipment
• Commercial kitchen already in place
• Dining room furniture and fixtures included
• Most equipment approximately three years old

The current setup allows a buyer to continue the existing operation without completing a new restaurant buildout.

Operations

The restaurant has been managed with limited owner involvement since opening.

Existing procedures, staff and operating systems are already in place.

Concept options

A buyer may continue the current Chinese restaurant concept or potentially introduce another food concept, subject to lease terms, landlord approval and applicable permits.

Due diligence

Buyers should verify historical financials, cash flow, lease terms, buildout costs, equipment ownership and condition, staffing, food and labor costs, permits and the exact assets included in the transaction before closing.