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(LEE)y ASIAN FOOD w/ Bar & Lounge Grossing $2M

Essex County, MA

(LEE)y ASIAN FOOD w/ Bar & Lounge Grossing $2M
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Asking Price: $799,000

Cash Flow: $550,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1988

(LEE)y ASIAN FOOD w/ Bar & Lounge Grossing $2M

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Business Description

This is a major restaurant north off route #495. Thr Current owner family has owned and operated it for over 30 years. Restaurant does 45% bar business and the lottery keno and commission is $55,000. Plenty of Parking with major national and regional tenants.. This tenant has the exclusive right to serve food, drinks and entertainment..
The restaurant total size is 8,000 s.f. seating is over 250 capacity. Ideal for buffet style. restaurant with large seating. The rent is very reasonable $14,000.00 a month includes r.e. tax and CAM. The owner is retiring. The price is under two times the cash flow.
Buying this restaurant right gives you money to make chnages little at a time and enjoying cash flow. Your profit margin is higher than normal restaurant due to hi liquor sales of $900,000

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Detailed Information

Location:
Essex County, MA
Competition:
The restaurant has exclusive rights in the shopping plaza
Growth & Expansion:
This restaurant is great for any concept, no restriction on the food you can serve.
Support & Training:
Will train new Buyer in managing the daily operation of the current concept or similar food menu.
Reason for Selling:
retiring
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(from currently available funds)
 
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Ming Dong

Business Listed By:
Ming Dong

Lee Brokers

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