Chinese Restaurant with Real Estate - Over $2m Gross Revenue

Lowell, MA
Chinese Restaurant
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
BUSINESS DESCRIPTION

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.

We have so much more information about this business that we want to share with you including a full summary and revenue expense breakdown. But this is a very confidential listing. So, in order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.


DETAILED INFORMATION
Location
Lowell, MA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Approx. 9,280 s.f. retail /restaurant building located on busy route near Rt. 495. Traffic count is 26,631 (2024). Seating capacity is 220 including a private function room. $650,000 in renovations included a major renovation of kitchen drainage system and more. Parking for over 100 cars.
Competition
Asian food will never go out of style!
Growth & Expansion
Add more types of Asian cuisine. Also the use of third party delivery services can greatly increase revenues and profits.
Financing
Business is pre-qualified for SBA loan with low down payment
Support & Training
Sellers will train the buyer in the operations of the restaurant.
Reason for Selling
Retirement
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Peter
Goodman
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Peter Goodman