Chinese Restaurant with over 30 years of success - $375,000
Restaurant has been in business for over 33 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 2017 was $894,000 and Net Income of $263,000. 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 lease or 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.
With annual business income of $894,000 and EBITDA of $263,000 this is an extremely attractive business opportunity for the right buyer. If you own the building you can add another $96,000 of annual rental income on top of the $263,000 as owner of real estate collecting rent from the lease to restaurant.
For more information, please contact Transworld Business Advisors New Hampshire by email or call 603-935-5099. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call or email for an initial, confidential discussion.