Popular Chinese Restaurant For Sale! (Rare)

Year of Inception: 1990
Annual Revenue: $1.1 million
Seller's Discretionary Earnings: $350k
Asking Price: $750k

Fey Day presents a popular Chinese family restaurant with more than 33 years of operating history. The restaurant has a nice and cosy ambience that customers loved!

The business is well run and enjoy frequent patronage from regulars. The business has more than 800 positive reviews across Google, TripAdvisor and Facebook. They appeared on newspaper article and more than 10 food bloggers webpage. They relied mainly on regular customers, word of mouth and to a lesser extent, unpaid write ups from food bloggers. Their sales are seasonal, with Chinese New Year period, May, Children school holiday being the peak.

They have 3 full time and 6 part time kitchen staff, 2 full time and 3 part time servers, 1 cleaner. The staffs are well-trained and the division of labour are well-organized. The 2 co-founders typically assist with the kitchen inventory and cashiering work.

Their annual revenue is approximately $1.1 million with earnings of $350,000. The restaurant resides on a shophouse with a space of 2,000 square feet(excluding alfresco d). They have a good relationship with the landlord, and is currently paying $13,000 for monthly rental. Due to the owners age, they would like to retire and handover the business to a capable hand. There are various opportunities to grow the business, and the owners are willing to support the new acquirer during the transition for the next 3 - 6 months.

Conclusion

This is a well-run restaurant with strong brand equity and very healthy financials. The new owner can expect continued support from existing customers while exploring new avenues for growth.

Owners are willing to stay on and assist during the transition. For more businesses to buy, please visit www.feyday.com