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Chinese Restaurant with Ballroom and Banquet @ Ipoh (3 Units, Business Asset)
57
Ipoh, Perak, Malaysia
Selling Off 100% Retail

Business Overview
- A popular Chinese restaurant serving Dim Sum and Cantonese cuisine in Ipoh, Perak.
- An established and well known outlets for functions and Dim Sum.
- Able to handle functions from weddings to corporate annual dinners and even weekend family gatherings.
- Has been operated more than 10 years.
- Asking price is for business asset only (3 units), not including the brand.
- Total capacity of the restaurant is approximated 24,000 sq. ft., have 3 units (220 pax for restaurant, 60 pax for 3 Private VIP Rooms, and 600 pax for ballrooms).
- Rental per month is RM 54,000.
- Rental deposit is RM 155,000 (excluded in asking price).
- Customer average spending is around RM 60.

Business Offer
Selling 100% share

Company Entity
Sdn Bhd

Reason for sale
Due to the COVID-19 pandemic.

Financial
Yearly Revenue: RM 3,900,000.00

Business Size
Employees: 21 to 50 person

Assets

Strength & Opportunity
- Strategic location, located at Coliseum Square, a commercial building with offices and restaurants inside, next to Impiana Hotel and and very near to the round about.
- Good reputation built with regular customer.
- Fully equipped with nice renovation.
- 3 units of shop lot with big capacity which able to handle functions from weddings to corporate annual dinners and even weekend family gatherings.

Location
Asking Price
RM 500,000.00
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