See Similar Listings

UNDER CONTRACT - Profitable Chinese Restaurant - 36 Years in Business

Lake Ridge, VA
Asking Price:$160,000
Gross Revenue:$970,000
Rent:$8,269.2/Month
Established Year:1988
Cash Flow:$70,000
Inventory:$25,000
FF&E:$150,000
Listing ID: 2290943Listing provided by BizBuySell
BUSINESS DESCRIPTION

House of Chou

For sale: A thriving and highly profitable Chinese restaurant with 36 years of successful operation. With an established, loyal client base and a reputation for consistently delicious cuisine, this restaurant boasts a solid 4+ star rating on Google reviews. Known for its exceptional food and excellent service, this business has maintained a steady net profit for years. This is a rare opportunity to own a well-loved dining establishment with deep roots in the community and a proven track record of success. Perfect for those looking to invest in a profitable, turnkey operation!

DETAILED INFORMATION
Location
Lake Ridge, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,200
Lease Expiration
31/07/2026
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This restaurant comes with valuable assets that ensure a smooth and profitable operation. The business benefits from a strong relationship with a good landlord and a well-negotiated long-term lease, offering stability and favorable terms. It also includes a robust inventory of high-demand products and an alcohol license, providing additional revenue streams. The restaurant is fully equipped with top-level machinery, ensuring efficient kitchen operations and reduced maintenance costs.
Competition
The restaurant is located in a bustling, high-traffic complex with no direct competition from other Chinese restaurants, making it a unique and desirable option for diners in the area. This large complex attracts a steady flow of foot traffic, including local residents, office workers, and visitors, ensuring a consistent customer base. With limited competition and a prime location in a well-frequented complex, this restaurant is well-positioned for continued success in a thriving market.
Growth & Expansion
This established Chinese restaurant offers significant opportunities for growth. Expanding its marketing efforts, especially through social media and targeted promotions, can attract new customers and increase its already loyal following. The restaurant's existing alcohol license presents an opportunity to expand its beverage menu or introduce special events like happy hours. Additionally, catering services for local businesses and events, or even opening additional locations, could further increase revenue and market reach.
Financing
Cash, Loan
Support & Training
As necessary
Reason for Selling
Retiring
Franchise
This business is an established franchise
BUSINESS LOCATION
Report an Issue with this listing
Jesse Elliott
Phone Number
Jesse Elliott
Call Phone