Highly Profitable Chinese Restaurant
Asking Price: | $15,750,000 |
Established Year: | 1984 |
Once in a lifetime opportunity: Strong & Consistent History of Exceptional Profi
With a 40-year history in Southern California, this single location restaurant specializes in Szechuan, Mandarin, and Cantonese cuisine and is a regional favorite. Trailing Twelve Month revenues are $12.1 mm with an EBITDA of $5.44 mm. As a family run business, the restaurant has recently been renovated with a large kitchen over 2000 sq. ft. There are ample opportunities to grow this business. Customers often request that new locations be opened allowing for geographic expansion. The restaurant does not employ online ordering, food delivery, or digital marketing of any kind providing several low cost opportunities to increase growth substantially. Daily, there are lines out the door waiting to be seating in a sizable dining area. The sale is to facilitate the retirement of the owners who have a limited role in the business. A limited transition period will be provided to a new owner. This has been a highly profitable business for decades with historic EBITDA margins ranging from 31% to 49%. Revenues are growing (without any effort) at 6.5% each year. Individual buyers requesting information will be required to submit evidence of adequate funds. Ownership is not interested in retaining equity. Upon receipt of NDA and proof of funds we will forward a CIM for your review.