40 Years Strong – Profitable Asian Restaurant for Sale

For Sale in Burien, WA

Listing ID: 31861-90510 | Broker Listing ID:

Financial & Assets Details

Revenues: $436,793

Cash Flow: $111,209

FF&E: $50,000

Inventory: $3,000

Inventory Inc. in Price: Yes

Square Feet: 2800+/-

About the Business

Year Established: 1978

Employees: 0 F/T 5 P/T

Lease Amount: $4,000

Seller Financing: Yes

Business Description

Be a part of the growing Burien restaurant community by running a long-standing, local favorite, Chinese and Korean restaurant. This business has been operating for over 40 years! The current owner is ready to retire, leaving you a restaurant that has a large customer base, and 40 years in the community. By serving a mix of Chinese and Korean food this location is a destination eatery for locals looking for authentic cuisine. Dim Sum restaurateurs should also consider this opportunity, there is little to no competition in the area.

Growth & Expansion

The long-standing success of this restaurant helps reduce risk, as most restaurants fail within their first 3 years. This restaurant offers stability with room for growth. Tapping into the Millennial market will allow you to grow the sales of this business. They currently do not offer delivery services, they do not market or offer promotions, and the addition of Dim Sum could increase the customer base. Tapping into the Millennial market through promotions and delivery service will lead to growth of this business. Our low hanging fruit for growth includes:

-Social media marketing and promotion
-Happy hour promotion
-Delivery services both in-house and outside

Seller Financing

Seller financing available for qualified buyers, terms to be negotiated based on buyer experience and financials.

Market Competition:

“For the first time on record in December, monthly sales at restaurants exceeded grocery store sales, according to data from the U.S. Census Bureau.”

“If you haven’t yet partnered with a delivery service, its time to do so, according to a recent report from market researcher company the NPD Group. If the group’s Delivery-A Growth Opportunity on the Horizon forecast is correct, off premise foodservice will continue to outpace overall restaurant industry traffic growth over the next decade.”

“… Asian in general is one of the fastest growing categories in the U.S., though it’s very fragmented”