Chinese Restaurant with over 30 years of success

Not Disclosed, NH
Merrimack County

Asking Price: Annual Revenue:
$375,000 $987,661

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Chinese Restaurant with over 30 years of success Broker: Jody Reese

Quick Facts

Asking Price: $375,000
Annual Revenue: $987,661
Net Profit: Not Disclosed
Cash Flow: $295,551
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 16
BBN Listing #: 523450951
Broker Reference #: 09551-928345

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Business Overview:

Restaurant has been in business for over 34 years at this same location. Current owners bought the restaurant in 1991 and have been successfully running it and have expanded the brand name as one of the best Chinese restaurants in the greater Concord NH area. The menu specializes in Chinese Fare. The venue of the restaurant is three-fold: in-house dining, take-out and full bar menu and service. The business income in calendar 2018 was $987,661 and Net Income of $296,551. The break out by venue is; Meals 23%, take out 52% and bar 25%. The restaurant and full service bar is open 7 days a week and has a part time staff of 14 employee’s plus the 2 owners full time. The owners have created an environment of “Feng Shui” with the employee’s and provides at no cost to them free housing in the restaurant building. The restaurant is located on a major intersection.

The real estate is available for purchase. Restaurant and Bar consists of 3327 sqft. In the warm months there is an additional outdoor patio off the bar area for additional seating. Total patron seating for restaurant and bar is 99 seats.
Extensive inventory is included in the price that will provide a complete turnkey operation with no working capital required. Additionally, the Inventory includes: Tables, Chairs, Booths and counters. Also, all kitchen and preparation stations.

Qualifies for SBA 25 year loan with a low monthly payment.

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Property Features and Assets:

Been in business at the same location for over 33 years

Reason for Selling:

Other interests.

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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