Chinese Restaurant with Real Estate - Over $2m Gross Revenue
Asking Price: | $3,600,000 |
Gross Revenue: | $2,200,000 |
FF&E: | $260,000 |
Established Year: | 1970 |
Cash Flow: | $867,448 |
Inventory: | $100,000 |
Real Estate: | $2,400,000 |
This incredibly popular (and profitable) restaurant located near (not in) Lowell Massachusetts is on a very busy street and close to Rt 495 and features great Asian cuisine. It is a very busy restaurant and is easily the highest grossing Asian restaurant in the area. The restaurant has a full liquor service with a bar, lounge, dining room, function room - a total of 220 seats. There is also lottery with Keno that currently has an approximate $52,000 per year commission. The business is very close to nearby cities and towns such as Lowell, Andover, N. Andover and Chelmsford, which all provide a steady stream of customers to this restaurant.
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