George & Company

Iconic Asian Cuisine Restaurant & Sushi Bar #15716

Worcester, MA

Seller Financing Available

Asking Price: $300,000

Cash Flow: $500,000

Gross Revenue: $1,230,000

FF&E: Included in Asking Price

Inventory: Included in Asking Price 

Established: 2014


Business Description

Cash Flow on Day One of Ownership!

 

This is an incredible opportunity to take over a turnkey, incredibly profitable and well-known Asian Cuisine Restaurant, Bistro and Sushi Bar. This business has provided their unique blend of Asian cuisine and fresh sushi, along with a full bar serving exotic and traditional drinks since 2014. It’s well-known by locals and tourists alike for its delicious menu and atmosphere, and its loyal patrons consider it a destination for catching up and for the perfect date night! Its location is on a cross-city street with high-volume vehicle traffic, and it’s surrounded by businesses that generate high-volume foot traffic.


This business adjusted its hours and operations and survived the negative impacts of Covid faced by many restaurants. It came out on the other side in 2021 incredibly stronger and with an unheard-of cash flow of $500K on $1.23MM of sales, as reported on (Tax Returns). Q4 2022 indicates higher profits than last year. The addition of Grub hub delivery service has allowed the restaurant to expand its reach, especially during the cold-weather months.


With a return to pre-covid hours and an increase in social media presence, this location is prepared for continued growth.

Value Drivers

  • Strong reputation in market and surrounding areas
  • Partnered with Grub hub delivery service
  • Highly visible location, accessible parking
  • Wide variety of menu and drink offerings
  • Strong supply chain relationships
  • Asking Price Business: $300,000
  • With $225,000 Down Payment
  • $75,000 Seller Financing Secured Note

Attached Documents


Detailed Information

Location: Worcester, MA

Inventory: Included in asking price

Employees: 9

Facilities: The landlord is aware of a potential sale and will discuss a new lease with a qualified purchaser Premises: 2,100 sf street level. Open floor plan with casual dining, a bistro & sake bar area and a commercial kitchen designed for efficiency. Parking: 17 shared spaces.

Financing: $75,000 Seller Financing Secured Note for a well-Qualified Buyer

Support & Training: Seller supports training to aid in a smooth transition of the business.

Reason for Selling: Retirement & Other Interests

Contact: Chip Emerson

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  


Looking for More Information?

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