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Penn Ave Wyomissing, PA 19610

Sponsored
For Sale
$550,000

Established Chinese Restaurant, High Profits

Property size:
2,950 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional opportunity presents the acquisition of a thriving Chinese restaurant in Wyomissing, Pennsylvania. Located on Penn Avenue, this Class A retail property boasts 2,950 square feet of net rentable space within a single-story building, renovated in 2016. The property includes ample parking with 50 spaces and is situated in a high-traffic area with a permitted commercial zoning (COM). The restaurant has enjoyed over 30 years of consistent success, generating annual gross income exceeding $700,000, with 100% occupancy across its two units. The asking price is $550,000, translating to $186.44 per square foot. This is a turnkey operation, fully equipped and ready for immediate operation. A valuable liquor license is included in the sale. Detailed financial records are available upon execution of a Non-Disclosure Agreement (NDA), allowing prospective buyers to conduct thorough due diligence. The current owner is committed to facilitating a smooth transition, providing support and guidance to the new owner. This represents a rare chance to acquire a well-established, profitable restaurant in a desirable location. Serious inquiries only.

Property Features for 0 Penn Ave

General Information

Property type
Restaurants
Square Feet
2,950 SF
Class
A

Building Details

Year Renovated
2016
Buildings
1
Stories
1
Units
2

HighLights

  • Established business with 30‑year operating history.
  • Liquor license included in sale.
  • Turnkey operation, ready for immediate occupancy.
  • Strong financial performance.
  • Confidentiality agreement required for detailed financial information.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Wyomissing
County
Berks
State
Pennsylvania
Longitude
-75.9768565
Latitude
40.3290889

FAQs

What type of property is this?
Restaurant - Established Chinese Restaurant, High Profits
Where is this restaurant located?
The property is located at Penn Ave Wyomissing, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Established business with 30-year operating history.; Liquor license included in sale.; Turnkey operation, ready for immediate occupancy.
More about this property
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