Business For Sale

Concord Area - Landmark Chinese Restaurant

Concord, MA
Middlesex County

CONCORD AREA


Asking Price: Annual Revenue:
$195,000 $950,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Concord Area - Landmark Chinese Restaurant Broker: David L Horn
Owner Financing is Available!
Seller will finance up to $100,000

Quick Facts

Asking Price: $195,000
Annual Revenue: $950,000
Net Profit: $146,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 20
BBN Listing #: 984819596
Broker Reference #: dh333

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Business Overview:

• TYPE OF BUSINESS: Chinese Restaurant
• LOCATION: Concord Area
• SELLING PRICE: $195K
• DOWN PAYMENT: $100K
• SALES VOLUME: $18K PER WK
• LEASE: $7,700/MO (INCLUDES NNN)
• YRS. LEFT: 12 Years +
• SQUARE FOOTAGE: 5500 ft.²
• HOURS OF OPERATION: 7 days, mostly 11 AM - Midnight
• SEATING: 165 seats including 35 seats in the lounge & at the bar.

Don't let this GEM slip through your fingers!
This restaurant is grossing almost $80,000 a month and the keys can be yours for only $100,000! The seller will finance $95,000, WHO NEEDS BANKS AT THIS PRICE! Freestanding building with ample parking. Right on the main road and town thoroughfare. Full liquor license with Keno and all Massachusetts lottery games. This is the opportunity you have been waiting for. Restaurant has been run profitably by same owner for 22 years, now ready to retire. The real estate is available for 1.5M developers are building everywhere in this... SUPER HOT location!

Low Food & Labor Cost = High Profits! There is a reason Chinese restaurants stay in business so long. THEY MAKE MONEY!

Besides fantastic Asian cuisine, this restaurant has an excellent bar business and has become a local HOTSPOT watering hole packed with regular customers!

This restaurant doesn't even offer delivery! Take this restaurant into the stratosphere by adding delivery service!

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Property Features and Assets:

High visibility on very busy town main road. Over sized parking lot with lots of space for hungry customers. A local legend, this restaurant has been part of the community for 22 years!

Market Competition and Expansion:

This area is exploding with new single-family homes and office parks. Upper-middle-class community with disposable income and inclination toward dining out. No real Chinese competition for 10 miles in any direction.

Reason for Selling:

Owner ready to retire

Additional Details:

  • The property is leased.
  • The owner is 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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