Chinese Restaurant
Location: United States -> Massachusetts -> Worcester
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Business is currently a landmark Chinese restaurant for sale with a long established successful history. Client will sell business and lease the real estate long term. The real estate could also be purchased with the business for an additional $5,600,000. The location of this nearly 9,000 SF facility is strategic. This is a key location close to Rte. 495, and on the evening commuter side of one of the most desirable commercial locations in the Metro West region of the state, with a traffic count in excess of 50,000 cars per day. This area is one of the most desirable commercially viable demographic sectors in the state. The facility is in excellent shape and could be converted to any cuisine.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: $1,500,000
Cash Flow: $225,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $345,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1986
Number of Employees: 20 – 34
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
About The Sale
Reason For Selling: Retirement.
