Established Turnkey Chinese/Thai Resturant For Sale

Chi’s Cuisine a causal dinning Chinese restaurant located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase this full-service, turnkey restaurant business opportunity. The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Chi’s Cuisine has been operating at this location for over 20 years with the current owner operating since July of 2008. Owner is selling for personal reasons but is willing to train for a negotiated period and stay on as a cook in a parttime capacity. Since March of 2020 due to Covid 19, the restaurant closed its indoor dinning and has been offering for take-out only. This change has only reduced the gross revenue by 10% from previous years with a current average daily sale for take-out ranging between $1,000 to $1,200 per day. The current hours of operations are from 1:30 pm to 7:30 pm Monday–Saturday and closed on Sundays. Hours could be expanded to 10 am to 10 pm seven days a week and indoor dinning could re-open. This turnkey business sale is being offered for $175,000. The business sale includes all leasehold improvements, furniture, restaurant equipment, smallware’s and POS system and $6,000 in inventory at close of escrow. Location: Prescott, Arizona Year Established: 2002 Number of Employees: 4 Real Estate: Leased Building Sq. Ft.: 1,844 Rent: $2,444.00 Per Month Facilities: The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Market Outlook/ Competition: Excellent Long Term Reputation, Established Turnkey Business, Owner willing to stay on with business as an employee. Growth & Expansion: Hours of operation increase from current 1:30 pm to 7:30 pm to 10 am to 10 pm. Change from Take out only to dine in and take out 7 days a week.