Chinese Restaurant with over 30 years of success - $375,000
Restaurant has been in business for over 34 years at this same location at a busy intersection. Current owners bought the restaurant in 1991 and have successfully turned it into one of the BEST Chinese restaurants in the greater Concord, NH area.
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 are open 7 days a week with part time staff of 14 employees plus the 2 owners full time. The owners have created an environment of "Feng Shui" with the employees and provide at no cost to them free housing in the restaurant building.
Restaurant and Bar consists of 3327sqft. There is an outdoor patio off the bar area for additional seating in the warmer months. Total patron seating for restaurant and bar is 99 seats.
Extensive inventory is included in the price (kitchen and prep station, table, chairs, booths, etc.) providing a complete turnkey operation with no working capital required. The real estate is also available for purchase. Qualifies for SBA 25 year loan with a low monthly payment.
Please reference listing #928345
Call 935-5099 for more information.