Running and Profitable Restaurant for more than 28 years Business for Sale in Al Qusais

Business Longevity: Operating successfully for over 28 years.

Location: Situated in Al Qusais, a well-known area in Dubai.

Size: 936 sq. ft., likely suitable for a small to medium-sized operation.

Restaurant Name : China Wok

Financials:

Annual Rent: AED 100,000/-
Monthly Sales: AED 120,000/-
Monthly Expenses: AED 100,000/-
Net Monthly Profit: AED 20,000/-
Yearly Profit: Approximately AED 240,000/- (assuming consistent performance).
Staff: 7 employees on visa, which is a manageable team size.

Selling Price: AED 680,000/-, equivalent to approximately 3.1 years of the estimated yearly profit.

Additional Costs:
Agency Fees: 10% of the selling price + VAT (AED 75,000 + VAT).
Considerations:
Reason for Sale: It’s helpful to know why the business is being sold despite being profitable.
Documentation: Ensure financial records match the provided details for validation.
Future Potential: Check for opportunities to increase revenue or optimize expenses.
Lease Terms: Confirm lease duration and renewal conditions for the premises.
Competition: Research the competitive landscape in Al Qusais.

About RVRG Real Estate:
RVRG Real Estate specializes in commercial and residential properties across the UAE, offering comprehensive real estate solutions. Our services include property sales, where we facilitate smooth transactions ensuring sellers connect with qualified investors. We assist buyers and investors in identifying lucrative investment opportunities, providing tailored leasing solutions to maximize returns. Our market analysis guides informed decision-making, while negotiation support ensures favorable terms. Additionally, our property management services efficiently handle diverse portfolios, ensuring client satisfaction and value creation.