Financial Information Asking: $149,000 Gross Income: $410,000 Furniture, Fixtures & Equipment: [TBD] Inventory: $3,000 (not included in price) Financing: Seller financing for a qualified buyer.
This popular and attractive restaurant is located in a desirable community North of Boston, Massachusetts. The business is licensed for 75 seats. The restaurant is open for lunch (5 days) and dinner (7 days). It has a beer and wine license and an entertainment license. There is light entertainment on the weekends. A full liquor license would be available for a qualified new owner.
A separate seating area off the main dining room is available for private functions.
Sales information may be verified by tax returns. Gross sales revenue for 2012 is on the increase over corresponding 2011 levels.
The current owner spends little on advertising and provides little or no delivery. The restaurant is perfect for conversion to Asian fusion cuisine and doing so likely would boost sales immediately, as would adding full liquor. This restaurant would be a great fit for an Asian chef, or a current owner seeking to add a second profitable location!
General Information Facilities: The restaurant operates in a building located on the main street of a busy downtown location. The space is 3,000 square feet. There is abundant parking. Lease: Monthly rent presently is $3,325, NNN. Growth and Expansion: Convert to Asian fusion cuisine. Add delivery. Add full liquor. Year Established: 2001 Reason Selling: Retirement/health concerns. Employees: 1 full time, 5-6 part time.