Rare opportunity for this iconic large capacity Chinese Restaurant and Lounge! This popular and much-loved old school restaurant and bar is in a great, high-traffic, high-exposure location Northwest of Boston. The business has enjoyed decades of success with the same owner. The space is massive and built to support high volume; perfect for a new owner to bring fresh energy! There is potential for just about any concept. Functions, Mexican, Asian, American Tavern or a Brewery would do amazing here. This a no brainer! The longtime owner is ready to retire and wants a quality tenant with vision and will offer favorable lease terms to qualified buyers. The Real estate may be available as well.
FACILITY: The free-standing facility was well built and in great condition
PARKING: Parking for over a hundred cars
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Term 10 years with options
BASE RENT: $12,000 (Plus Triple Nets)
CONCEPT: Asian Restaurant Bar & Function Facility
SIZE: 9,300 square feet
SEATS: Seating for over 350
HOURS: Open 7 days per week for Lunch and Dinner service
LICENSES: Full Liquor License Full Entertainment
SALES: $1,600,000 per year (Historical sales 4 million)
ASKING PRICE: $595,000 (For the Business)
