Asian Restaurant

Category: Food Service/Full Service Restaurant
Address:
City: Vancouver Island
State:
ZIP:
Full Price: $378,000
Down Payment: $378,000
Annual Gross Sales: $700k-$750k
Adjusted Annual Profit: $100,000
Status: Sold

Additional Features:

Upscale, profitable Asian restaurant for Sale on Central Vancouver Island. The longstanding independent restaurant has won numerous awards including “Best Asian Restaurant” 8 years running. This is a great opportunity to take advantage of an exceptional brand at a reasonable price. The restaurant has a loyal cadre of enthusiastic repeat customers:

A recent online review states:

This is by far, my husband’s favourite restaurant. They serve incredible sushi, best in town. They have a lunch special that is only $11.50 and it includes soup and salad with the main course. Try their Chicken rice bowl or their nasi goring. I love Wonton soup and when I’m sick I crave it. I’ve tried all the restaurants in town that serve Wonton Soup and they have the best! “My husband and I love this place. We go here very often.”TripAdvisor 25 January 2014

The restaurant occupies a terrific location near the centre of town with exceptional parking and great street visibility. The business grosses an average of approximately 750k per year and nets the owners in excess of 100k annually. Great opportunity to take over from a retiring owner. The sale price includes Furniture, Fixtures and Equipment valued at 240,000 as well as 30,000 in inventory.


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The Seller knows that to sell the business he will have to share information with the Prospective Buyer that otherwise he would prefer kept away from both the public and the other stakeholders such as employees, suppliers or customers. Because of this, we insist that any confidential information is only shared with prospective purchasers who are genuinely interested in procuring a business. To maintain the level of confidentiality necessary to complete a transaction of this nature we require that prospective buyers complete a non-disclosure agreement. By clicking agree below, you, the prospective purchaser, agree not to share anything you learn about the business with anybody other than your lawyer, accountant or other professional advisors; and you also warrant that these people will also be bound by this agreement.

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