Asian Restaurant for Sale in Colorado Springs Nets Owner $120,000

Asian restaurant for sale in Colorado Springs nets owner over $120,000 in discretionary earnings.  Motivated Seller who wants to retire - bring all offers.  Owner nets over $120,000 on sales of almost $1M.  Selling at way, way, less than two times earnings!

This Asian restaurant for sale is established and has been profitable since the Seller opened it in 2003.  It has been operated successfully  and profitably for 17 years!  It is located in an 3000 square foot end cap space in a busy, very well maintained center with great visibility, access, parking and signage.  The center is anchored by a Safeway grocery store and contains several other national chain restaurants as well as banks, specialty shops and other (non competing) restaurants.  The center has excellent demographics and traffic counts.

The well lit, clean attractively decorated dining room in this Asian Restaurant for Sale seats 120 and is open for lunch and diner seven days a week.  However early closing hours of 8:30 (even on weekends) still offers the owner quality of life.  It has a full liquor license.  The lease is assumable.  The landlord is local and easy to work with.  Current rent is $8946 per month including all CAMs and trash removal.  Contact We Sell Restaurants for more information. 
 
The fully equipped commercial kitchen has it all including a large 20-foot hood, grease trap, fryers, 4 eye burner and a wok set up for 1 large and 5 smaller woks.  There are rice cookers, rice holders, meat grinder, slicer, microwave as well as plenty of hot and cold storage. In addition there is a large walk-in cooler and freezer.  The dishwasher and ice machines are owned, not leased.  Just when this deal could not get any better the Seller will include all inventory in the sale of this Asian Restaurant for Sale.

Tax returns are in place that clearly show earnings in excess of $120,000 on sales of almost $1M last year at this Asian Restaurant for Sale.  Sales have increased about 10% each of the last three years.  Seller financing could be available to a qualified Buyer with 50% down and the business has been preliminarily qualified for a SBA loan by one of We Sell Restaurants preferred lender for only 20% down.  The Seller is retiring after operating this business successfully for 17 years and is anxious to pass this business to a new owner.  There is still plenty of room for growth as the business currently operates with no website, Facebook page, advertising or delivery option!  A new owner could easily add $200,000 in sales and corresponding profits their first year.  Don't miss out - this deal will not last long.

Please click on the tab below to easily acknowledge confidentiality on this Asian Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Bob Steinberger at (303) 901-4938

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Listing

  • Listing#: 7494
  • Price: $150000
  • Location: Colorado Springs
Lease Term: Expired January 2022
Monthly Rent: $8948,
Indoor Seating: 120
Inside Sq. Ft: 3000,
Hood System: Yes
Neighboring Businesses: Safeway, several banks, other restaurants including Subway and Taco Bell, Dept of Motor Vehicles, other specialty shops.
Hours Open: 11am - 8:30pm Daily
# of Part-Time Employees: 7
# of Full-Time Employees: 6
Net Sales: $952540.00
Owner Benefit: $121357

Features

  • Seller's discretionary earnings of over $120,000!
  • Sales of almost $1M
  • Established, in business and profitable since 2003
  • Good books
  • Full liquor license
  • Fully equipped commercial kitchen with 20ft. hood
  • Walk-in cooler and freezer
  • Good signage, parking access and visibility
  • Seller or SBA financing for qualified Buyer
  • Asian Restaurant for Sale