AN ESTABLISHED CHINESE RESTAURANT WITH CAPTURED MARKETListing: #OR00512
About this Business for sale in Metro ManilaAN ESTABLISHED CHINESE RESTAURANT WITH CAPTURED MARKET
This Chinese restaurant being offered has been in operation for over 33 years in Metro Manila. Their clientele before the pandemic were mostly Tourists from neighboring Asian countries. The Tourists came in busloads daily. On the other hand, their loyal clients in the area are mostly the employees from nearby government offices. The employees of the private offices, schools and working population in the area who frequent this restaurant are residents of the various Condominium buildings around it.
The restaurant serves Japanese and Korean dishes and also offers Hot pot and Shabu-Shabu as part of their menu. The restaurant has two (2) floors. Ground floor has 10 tables that can serve eight (8) persons per table, while the 2nd floor has 12-14 tables that can serve eight (8) persons per table with inclusivity of the tables inside the VIP rooms.
The restaurant is still in operation despite the pandemic condition in Metro Manila. The waiters/waitresses reports every two (2) weeks. They are accepting Online orders and the daily schedule of their three (3) riders is very hectic. Working hours from Monday to Sunday are adjusted depending on the IATF ruling on dine in customers.
The owner is looking into retirement and no family member is interested and inclined to succeed the owner and so succession planning is not an option to the owner and family anymore. This is a great opportunity for aspiring business owners who would love to run their own Chinese restaurant.
Kurt Soliman | Business Broker
Mobile No.: +63 917 189 5757
Landline No.: +632 7622 6240
Email Address: firstname.lastname@example.org
Siony Martinez | Business Broker
Mobile No.: +63 920 924 5822
Landline No.: +63 2 7900 8000
Email Address: email@example.com
+63 2 7900 8000
+63 917 189 5757
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.