For Sale
$550,000

Penn Ave Wyomissing, PA 19610

Established Chinese Restaurant, High Profits

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional opportunity presents the acquisition of a thriving Chinese restaurant in Wyomissing, Pennsylvania. Located on Penn Avenue, this Class A retail property boasts 2,950 square feet of net rentable space within a single-story building, renovated in 2016. The property includes ample parking with 50 spaces and is situated in a high-traffic area with a permitted commercial zoning (COM). The restaurant has enjoyed over 30 years of consistent success, generating annual gross income exceeding $700,000, with 100% occupancy across its two units. The asking price is $550,000, translating to $186.44 per square foot. This is a turnkey operation, fully equipped and ready for immediate operation. A valuable liquor license is included in the sale. Detailed financial records are available upon execution of a Non-Disclosure Agreement (NDA), allowing prospective buyers to conduct thorough due diligence. The current owner is committed to facilitating a smooth transition, providing support and guidance to the new owner. This represents a rare chance to acquire a well-established, profitable restaurant in a desirable location. Serious inquiries only.

Highlights

  • Established business with 30-year operating history.
  • Liquor license included in sale.
  • Turnkey operation, ready for immediate occupancy.
  • Strong financial performance.
  • Confidentiality agreement required for detailed financial information.

Property Details for 0 Penn Ave

Property type
Retail properties, Restaurants
Square Feet
2,950 SF
Class
A
Year Renovated
2016
Buildings
1
Stories
1
Units
2

Location Insight

City
Wyomissing
County
Berks
State
Pennsylvania
Latitude
40.3290889
Longitude
-75.9768565

FAQs

What type of property is this?
Retail property - Established Chinese Restaurant, High Profits
Where is the retail property located?
The property is located at Penn Ave Wyomissing, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Established business with 30-year operating history.; Liquor license included in sale.; Turnkey operation, ready for immediate occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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0 Penn Ave
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