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Las Vegas / Chinatown

  • Listing No.: 101-16204

  • Category: Food - Restaurant, Miscellaneous, Retail

Asking Price $280,000.00
Down Payment
Gross Revenue $2,087,284.00
Total Adjusted Net Income $78,290.00
Equipment / Fixtures $100,000.00
Year Established 1998
General Location Las Vegas / Chinatown
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Chinese Seafood restaurant in the heart of Las Vegas China Town. This is a very well established business and does over 2 million per year but is family run with many family members on payroll thus lowering the reported net profit. Food cost are under control and reasonable but a new owner will need to replace the family with a much lower, market rate employees which will boost profit by, according to the seller, over $250,000. Ideal buyer is someone with restaurant experience who can get payroll cost under contract and reap the benefits of purchasing a highly profitable business at a very discounted price. All revenue is verifiable on filed tax returns. For more information including a detailed confidential opportunity summary with financial information and photos, please email the listing agent.

Gross Revenue $2,087,284.00 Listed Price $280,000.00
Total Income $78,290.00 Down Payment
Base Rent $33,870.00 Square Feet 6825
Total Rent $33,870.00 Lease Expiration 1/2020
Rent Deposit $33,870.00 Lease Options 1/6
Inventory $5,000.00 Leasehold Improvements $150,000
Equipment / Fixtures $100,000.00 Other Assets
Full-Time Employees 25 Training Period 14 Calendar Days
Part-Time Employees 15 Special License Required
Contract Staff Reason for Selling Seller is retiring

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.