Country:

USA

State or Province:

MS, AL

City:

Vicksburg

Location Zip or Postal Code:

39180

Service Type:

Sit-Down Table Service

Title of Listing:

39 Yr Old Chinese Restaurant - Mississippi 

Year Established:

39

Number of Locations:

1

Number of Seats:

51-150

Size:

3,500, Square Feet

Patio:

No

Number of Employees:

11-50

Reason for Selling:

Retiring

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Asking Price:

$720,000

Gross Revenue:

870,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

$100,000-$300,000

SDE (Sellers Discretionary Earnings):

$313,149

SDE Range:

Over $300,000

FF&E Value (Furniture Fixtures and Equipment):

$250,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$5,000

Inventory Value included in price?:

Yes

Asset or Share Sale:

Asset

Real Estate Owned or Leased:

Real Estate Owned

Real Estate Value Included?:

Yes

Financial Comments (include any Financing information that may be useful):

Due to the exclusive Asian cuisine, adding additional menu options to include a slightly more diverse menu to appeal to a slightly wider audience would make a great growth opportunity. Additional growth opportunities include offering additional catering and delivery options for customers, companies and local businesses. Finally, the restaurant is currently closed on Sundays, opening on Sundays would be a strong strategic move to increase weekend traffic and business sales.