Modern, Upscale Asian Restaurant in North Reading

North Reading, MA
Middlesex County

Asking Price: Annual Revenue:
$400,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Modern, Upscale Asian Restaurant in North Reading Broker: 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

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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.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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