Prime Location Asian Restaurant

After nearly 3 decades the owner of one of Raleigh’s original and best Asian restaurants is ready to retire. Diners have counted on this high traffic location for years and will continue to come for the great food, friendly staff, and recently updated facilities.

$70K+ in upgrades were just completed in January including new paint, tables, chairs, kitchen equipment, and more, this location will serve the next owner for many more decades. 3 New HVAC units were installed last year. The landlord also just put a new high quality roof on the building.

Cooks will love this spacious kitchen with a great traffic flow, tons of equipment, and several offices and a dedicated bathroom for back of house staff. Originally a Shoney’s location, they don’t build kitchens like this anymore! As large as Shoney’s kitchens are, this kitchen was expanded even further to include space for a bakery.

Even through COVID, this restaurant has continued to serve and sales barely dipped due to its long history and great reputation.

Complete the “Contact the seller” box for an automatic NDA and check your inbox/junk mail. A full business report is available after a brief verbal screening.

DETAILED INFORMATION

Cash Flow Gross Revenue EBITDA FF&E Inventory Rent Established
$83,300
$790,000
TBD
$72,000
$3,000
$10,000 /Month
1992

Location:

Raleigh, NC

Real Estate:

Leased

Building SF:  5,997

Lease Expiration:

4/2035

Employees:  7

Furniture, Fixtures, & Equipment (FF&E):  Included in asking price

Facilities: Outparcel of a major shopping center Anchored by a Walmart. Neighbor to a complimentary, well known high traffic national restaurant.

Support & Training:  Two weeks included in purchase price.

Reason for Selling:  Retirement

neal isaacs vr business brokers of the triangle
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