Listed by Aspen Group LLP
$1,500,000
Rice Bowl | Business + Real Estate
Details
APN 652380000
Property Type Retail, Business for Sale
Sub Type Restaurant, Business and Building
Square Footage 8,052
Units 1
Lot Size (SqFt) 7,000
Zoning DF - Downtown Fringe
Ground Lease No
107 4th Avenue NW, Mandan ND
Marketing description
Rice Bowl is a reputable, well-established business primed for new ownership. Sale includes 100% ownership of Rice Bowl, and the real estate. Inventory also available at additional cost. Real Estate includes Rice Bowl location, apartments above restaurant, and 2 additional rental spaces which are fully leased.
Investment highlights
- Rice Bowl a local Chinese restaurant has been serving tasty dishes made with fresh ingredients for over 28 years. (Established in 1998)
- Rice Bowl sits on a 7,000 SF lot and operates out of 3,600 SF of the building. The additional 4,452 SF is apartments and small retail spaces
- With a loyal customer base, including many families, Rice Bowl primarily serves middle- to higher-income guests and holds a 4.3/5-star Google rating.
- Rice Bowl provides call in and pick up ordering, along with delivery.
- Rice Bowl averages around 1 million/year in food sales.
- THE BUSINESS | Rice Bowl is a local Chinese restaurant that has been serving tasty dishes made with fresh ingredients for over 28 years. Rice Bowl is a second-generation, family-owned business. You’ll always feel at home when you visit Rice Bowl, and that’s because we take extra care to make every guest comfortable and happy.
- TRANSACTION | Rice Bowl is a reputable, well-established business primed for new ownership. Sale includes 100% ownership of Rice Bowl, and the real estate. Inventory also available at additional cost.
- GEOGRAPHY | Rice Bowl is located just off Main Street in Mandan, ND with easy access to Interstate 94.
- PRODUCT/SERVICE | There’s nothing quite like authentic Chinese food. Packed with flavorful spices and sauces, Rice Bowls oriental cuisine includes classic favorites and adventurous options alike. Rice Bowl serves traditional dishes made with care.
- MARKET | Rice Bowl is considered a destination place for local Chinese food with an oriental flair. The current market for the majority of Mandan is dining out where they can get value for their meal, good service, and a pleasant atmosphere based on the event.
- Asking Price | $1,500,000.00*
- * INCLUDES BUILDING, REAL ESTATE & BUSINESS
- * INVENTORY AVAILABLE AT ADDITIONAL COST
Listing Contacts
Listed by Aspen Group LLP
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