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Chinese Restaurant W / Over Thirty Years Of Success
Location: United States -> New Hampshire
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $987,661
Cash Flow:   $295,551
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2018
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  other interests

Photos

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Chinese Restaurant W / Over Thirty Years Of Success Photo 1




Print Listing Id: 700328735
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Hampshire Businesses For Sale > New Hampshire Franchises For Sale > New Hampshire Business Brokers



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