Seller's Contact Information
- RE: Modern, Upscale Asian Restaurant In North Reading
- Contact: Todd Smith
Quick Facts
Asking Price: | $400,000 | |
Annual Revenue: | $1,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 938924983 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Located in a busy/popular plaza, no expense was spared in this beautiful space (over $900,000). Specializing in Chinese and Japanese food, this restaurant offers an oyster bar, sushi bar, keno, catering and function room. Dine in or take out, the comfortable and warm ambiance provides a fabulous experience for diners. From friendly service to a relaxing atmosphere, the staff welcomes you to come in and take a break from the bustling city streets after work.
PARKING: Ample parking
EQUIPMENT: The equipment is in good condition and has been well maintained
LEASE TERM: 10-year lease with two (2) 5-year options
BASE RENT: $6,200 per month plus NNN
CONCEPT: Chinese/ Japanese cuisine
SEATING: Capacity of 130 persons (16 seats at bar)
SIZE: 4,000 square feet
HOURS: Open from 11:00 AM – 10:00PM 7 days
LICENSES: Full Liquor License plus Keno
SALES: $1M in 2018
ASKING PRICE: $400,000 (For the assets of the Business including the liquor license)
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Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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