Highly Profitable Asian Restaurant

Springfield, VA

Seller Financing Available

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Asking Price:$220,000
Gross Revenue:$1,000,000
Rent:$12,000/Month
Established Year:1980
Cash Flow:$200,000
Inventory:$5,000
FF&E:$50,000
BUSINESS DESCRIPTION

This 1st Class Asian restaurant, has a loyal client base, that has been cultivated
over the last 40 years. Located in the same hyper-busy shopping center the whole time, it is the "go to" restaurant for corporate meetings, family gatherings and the area's best Asian cuisine.

With great attention to detail, the owner has provided for himself and his family, a very comfortable living for a very long time. Now ready to retire, he is interested in passing his baby on to a like minded new owner.

With only 7 months left on lease, owner has slashed price by $130,000. There is a 5 year option, but after 44 years, he is retiring!

At a Cashflow of over $200,000, the price of $220,000 is a steal.

This won't last.
Call Jeff Neuburg 703-623-5575


DETAILED INFORMATION
Location
Springfield, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,300
Lease Expiration
31/03/2025
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seating for 92, perfect for larger events.
Support & Training
2 weeks
Reason for Selling
Retiring after many years.
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Jeff Neuburg
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Jeff Neuburg