Successful Restaurant on Main Street For Sale

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30286561
Property Subtypes: Food and Beverage
Building Size (RSF): 6,000 SF
Sale Price: $550,000
In Opportunity Zone? Yes
Name of Establishment: Shing Lee Resturant
Year Business Established: 1971
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Sale includes remodeled stand- alone building, business, equipment, furniture, liquor license,and month of cooking and business instruction from owner (if to remain Chinese Restaurant) New price for building only.Business sold Separtely!
Last Updated: 9/11/2019

Overview / Comments

If you ever dreamed of owning a restaurant on Main Street, here is your opportunity. Shing-Lee Restaurant on Main Street in Evansville, Indiana is For Sale. The owners started Shing-Lee in 1971 - the restaurant has had a face-lift since fire occurred in building a few doors away 2 years ago. Now this updated - turn key ready restaurant, recently reopened and has been busier than ever before. The proud owners are ready to retire and pass on this much loved Chinese restaurant to new owners. Located between 2nd and 3rd street, Shing Lee is just blocks from the River, Shops, Casino and other new exciting Restaurants in this ever evolving Downtown Development. The sale consists of a stand alone 2 story brick building with basement, 3 parking spaces in rear for owners, complete business with all equipment & fixtures, liquor license and a month long training from present owner to help transition business, cooking secrets and more. The building is still under renovation with tuck pointing on the exterior that has already been paid for, 2 new HVAC systems and 2 new grease traps ($14,000 value). Everything has been checked and up to code– Ready To Go!

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Industry Segment: Restaurants
Reason for Selling: Owners ready to retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Seller Financing Description: Cash or conventional

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,715 69,006 134,212
Median Age: 39.28 36.16 37.69
Households: 4,054 28,892 57,568


Photograph of Listing Agent

Melinda Counter

Berkshire Hathaway Home Services
CPIX Member
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