Tom Kelsey, broker with Lorimont Commercial Real Estate in Cape Girardeau confirmed that the Ryan’s restaurant property in Poplar Bluff has been sold to a Cape Girardeau restaurant group. The property located near Home Depot had been offered on the market either for sale or lease since the fall of 2018.
Guokai, LLC has purchased the recently closed Ryan's restaurant located at 929 S. Westwood in the southern part of Poplar Bluff. The 10,404 square foot building located on 1.86 acres was listed on the Lorimont website for $1.3 million; however, no exact sales price was disclosed
Members of the buying group are also involved in other Asian themed restaurants including China Wok in Cape Girardeau and Marion, Illinois, China Crown in Cape Girardeau and Chin Restaurant (formerly Ponderosa) in Perryville, Missouri. Kelsey understood the Poplar Bluff restaurant would have a typical "all you can eat" fresh Chinese buffet along with Sushi bar and Hibachi grill.
The new owners plan a complete remodel of the building along with new equipment and fixtures. An opening date was not announced but anticipated within the next 4-6 months. Kelsey also handled the sale of the Cape Ryan's (now Golden Corral), China Crown (formerly Pagoda Gardens) and Perryville Ponderosa (now Chin) properties.