0 ConfidentialBoone, IA 50036

Property Details for 0 Confidential

Property type

Commercial real estate

Description

This thriving, full-service Chinese restaurant in Boone, Iowa, presents a unique investment opportunity. Priced at $90,000, this established business boasts a gross revenue of $137,373 and a Seller's Discretionary Earnings (SDE) of $28,498. The restaurant employs four staff members and includes $24,065 in furniture, fixtures, and equipment (FF&E). Located in a vibrant area with a strong community and college student base, this restaurant offers ample space for operations. The current owner is retiring after 12 years, providing a seamless transition for a new owner-operator or an industry professional seeking expansion. A non-compete agreement is in place for 20 miles within a 3-year period, ensuring market protection. The seller offers 4-8 weeks of support and training to facilitate a smooth handover. This is an independent, non-franchise location, ideal for those seeking a well-established business with significant growth potential in a desirable market. The address is confidential and will be disclosed upon execution of a non-disclosure agreement. This is a turnkey operation ready for immediate ownership.

Location Insight

City

Boone

County

Boone

State

Iowa

Latitude

42.0588

Longitude

-93.9062

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