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Well Established $20k/wk Chinese Restaurant W/Lounge - NEW PRICE!!

Merrimack County, NH

Well Established $20k/wk Chinese Restaurant W/Lounge - NEW PRICE!!
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Asking Price: $375,000

Cash Flow: $296,000

Gross Revenue: $987,661

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Real Estate: $475,000*

Established: N/A

*not included in asking price.

Well Established $20k/wk Chinese Restaurant W/Lounge - NEW PRICE!!

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Business Description

Located in Capitol Region

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.

Detailed Information

Location:
Merrimack County, NH
Real Estate:
Owned
Not included in asking price
Building SF:
7,700
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Been in business at the same location for over 33 years
Reason for Selling:
other interests
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Jody Reese

Business Listed By:
Jody Reese

Transworld Business Advisors New Hampshire

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