Business For Sale

(LEE) Asian Restaurant Seats 45-Metro West Area

Boston Metro West - Middlesex County, MA


Asking Price: Annual Revenue:
$159,000 $450,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: (LEE) Asian Restaurant Seats 45-Metro West Area Broker: Ming Dong

Quick Facts

Asking Price: $159,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: $99,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 4
BBN Listing #: 16331418
Broker Reference #: chim

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Business Overview:

This Chinese restaurant located in a small strip plaza and was established in 1994. The seating currently is for 45 but can be expanded to 50 seats. This is one of the first with an 'open kitchen' concept. They are operating 6 days per week. Hours are 11:30am-9:00pm.
Average yearly sales sales approximately $450,000. Operating Expenses: Cost of goods $135,000; Rent including water R.E. Tax, CAM $63,600; payroll $130,000; electric $6,000; gas $7,200; cc/bank fees $6,000; insurance $3000; phone $1,200; trash $3,000.

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Property Features and Assets:

FF&E of $100,000 is included in the asking price. Located in a small strip plaza; open kitchen concept. 6 day week; Hours are 11:30am - 9:00pm.

Market Competition and Expansion:

Growth/Expansion: The restaurant has many expansion possibilities. The menu is simple and limited to Chinese food. Add sushi, which is very popular in the area.

Reason for Selling:

Retiring

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.

Documents:

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