1700 Park AveMuscatine, IA 52761

For Sale
$119,000

Profitable Chinese Restaurant, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional opportunity presents the acquisition of a thriving Chinese restaurant in Muscatine, Iowa. Established in 1969, this 44-year-old business boasts a strong track record of profitability and is currently operating successfully. The sale includes all fixtures, cooking equipment, recipes, tables, and the owner's point-of-sale (POS) system, offering a truly turnkey operation. The buyer will assume the existing long-term lease, subject to landlord approval. The spacious restaurant features 14 booths and 12 four-seat tables, accommodating 104 diners in the main area. A private party room adds seating for another 40 guests, and an additional 30 seats are available in storage, bringing the total potential seating capacity to 174. The restaurant benefits from a new HVAC unit installed in 2023, representing a $40,000 investment. The asking price for this established business is $119,000. Note that the building itself is not included in the sale

Highlights

  • Established Chinese restaurant in Muscatine, IA, operating successfully since 1969.
  • Turnkey operation including all fixtures, equipment, recipes, and POS system.
  • Assumable long-term lease (subject to landlord approval).
  • Seating for 104 in the main dining area, plus a 40-seat private party room and additional 30-seat capacity.
  • New HVAC system installed in 2023 ($40,000 investment).
  • Asking price: $119,000 (building not included).

Property Details for 1700 Park Ave

Property type
Other retail properties, Restaurants
Year Built
1969
Buildings
1

Location Insight

City
Muscatine
County
Muscatine
State
Iowa
Latitude
41.4446987
Longitude
-91.031462
1700 Park Ave, Muscatine, Iowa

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1700 Park Ave
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