Leominster Area Chinese Hotspot

Leominster, MA
Worcester County

Major Shopping Center Location


Asking Price: Annual Revenue:
$800,000 $3,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Leominster Area Chinese Hotspot Broker: David L Horn
Owner Financing is Available!
Some owner financing available. SBA bank financing readily available.

Quick Facts

Asking Price: $800,000
Annual Revenue: $3,000,000
Net Profit: $500,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: 30
BBN Listing #: 305319596
Broker Reference #: Not Disclosed

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Business Overview:

Chinese Restaurant with rare 2 AM liquor license and desirable location in major shopping center. This restaurant is also the local nightlife hotspot with live music and entertainment. Exquisite and ornate classic Chinese decor. Family owned and operated for past 28 years in same location. Averaging $3 million per year in gross sales. This restaurant posted gross sales of $3.2 million in 2016 and a net profit of $600,000! Excellent business acquisition opportunity for a fast-paced, high volume, high quality family-run business.
NETS OVER $500,000/Year.

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Property Features and Assets:

This is a standalone building with a huge parking lot in a large shopping center with additional spillover parking. This restaurant represents the hub of late-night entertainment for at least 10 miles in any direction. A 2 AM liquor license and live entertainment help promote additional revenues. Great Chinese food with plenty of seating and a well-trained staff round out the value of this excellent opportunity.

Market Competition and Expansion:

This restaurant has everything you need for high gross and net revenues. A younger owner with new ideas and energy, a little bit of paint and polish and this restaurant is an absolute Goldmine waiting to make a fortune for a new engaged owner.

Reason for Selling:

Retirement

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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