||Employees||7 full, 6 part
* Included in Asking Price
This 21-year old business is a popular oriental cuisine restaurant and cocktail lounge, located on a busy US highway, in Central Massachusetts (Middlesex County). It was established in 1996 by its current owner, who is ready to retire.
The restaurant offers a buyer an established business, a large-size operation unlike any other in the area, and a diversified revenue stream comprising of food, beverage, keno, lottery, ATM, juke box, and karaoke revenue. With a little bit of fresh energy and updates, the restaurant has the potential to become a leader in its category in the area.
The average annual revenue over 3 years (2014-16) is $687,182, and the business generated an average of $147,478 per year in Sellers Discretionary Earnings. It is a well-established business and it makes for an excellent investment for anyone interested in the food & beverage industry. It has all the necessary logistics with suppliers/vendors in place and a very close-knit customer base.
The owner, seeking retirement after running the restaurant for 21 years, is expecting $195,000 (excluding inventory) for the sale of this business, and is willing to consider limited financing to qualified buyers.
Required Licenses: Liquor License & city permits
|Training/Support:||Seller will provide up to 100 hours of training and orderly turnover, during the three weeks after closing. Seller will sign a 5-year non-compete agreement covering 50-mile radius.
Interested in learning more?
For a complete presentation, please contact Sanjay Ahuja at 508.868.8189, or email: email@example.com.|
Seller Reference #BOSTOMA002-N3
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