For Sale
$119,000

1700 Park Ave Muscatine, IA 52761

Profitable Chinese Restaurant, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional opportunity presents the acquisition of a thriving Chinese restaurant in Muscatine, Iowa. Established in 1969, this 44-year-old business boasts a strong track record of profitability and is currently operating successfully. The sale includes all fixtures, cooking equipment, recipes, tables, and the owner's point-of-sale (POS) system, offering a truly turnkey operation. The buyer will assume the existing long-term lease, subject to landlord approval. The spacious restaurant features 14 booths and 12 four-seat tables, accommodating 104 diners in the main area. A private party room adds seating for another 40 guests, and an additional 30 seats are available in storage, bringing the total potential seating capacity to 174. The restaurant benefits from a new HVAC unit installed in 2023, representing a $40,000 investment. The asking price for this established business is $119,000. Note that the building itself is not included in the sale

Highlights

  • Established Chinese restaurant in Muscatine, IA, operating successfully since 1969.
  • Turnkey operation including all fixtures, equipment, recipes, and POS system.
  • Assumable long-term lease (subject to landlord approval).
  • Seating for 104 in the main dining area, plus a 40-seat private party room and additional 30-seat capacity.
  • New HVAC system installed in 2023 ($40,000 investment).
  • Asking price: $119,000 (building not included).

Property Details for 1700 Park Ave

Property type
Retail properties, Restaurants
Year Built
1969
Buildings
1

Location Insight

City
Muscatine
County
Muscatine
State
Iowa
Latitude
41.4446987
Longitude
-91.031462

FAQs

What type of property is this?
Retail property - Profitable Chinese Restaurant, Turnkey Operation
Where is the retail property located?
The property is located at 1700 Park Ave Muscatine, IA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Established Chinese restaurant in Muscatine, IA, operating successfully since 1969.; Turnkey operation including all fixtures, equipment, recipes, and POS system.; Assumable long-term lease (subject to landlord approval).
How can I contact the broker?
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1700 Park Ave
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