Established Chinese/Asian Restaurant in Dennis, Cape Cod
For Sale in Dennis, MA
Financial & Assets Details
About the Business
Established in June 26, 1980, as recorded in the Barnstable County Registry of Deeds, in the name of Royal Palace Realty Trust This successful business has operated for almost four (4) decades. The Owner/Manager Kam Peck, has decided to retire and is offering both real estate and business for immediate sale.
Located on busy Route 28, Main Street in West Dennis, the main level has 5,667 SF of GBA, housing a full service restaurant and large lounge. Exquisite Chinese cuisine is prepared to order and is available in over 100 Chinese and Mandarin dishes. An experienced staff and ultra clean, full service kitchen help insure customers enjoy their dining experience.
There is a busy call-in "take out" service for those who wish to dine at home.
The Royal Palace generates a fair Gross Sales & Gross Profit documented by IRS Returns. There has been stability and a modest increase in sales over the past 3 years in spite of an economy that is just recently showing signs of recovery. It is located on a highly desirable location on Rte. 28 in the Town of
West Dennis, MA The property is owned with no encumbrances on property or equipment, with the average cost per SF of $130.16 for full service restaurant comps in this area. Parking is plentiful and can accommodate 40-50 vehicles in the private paved lot, with an egress onto Rte.28.
It has a loyal following of residents, business people, visitors and vacationers.
The formula for continued successful growth and profitability should consider earlier hours of operation to accommodate lunch, installation of an automated ordering and billing system to facilitate the already excellent service providers, streamline bookkeeping, possible expansion catering service and upgrading the web site, adding Facebook and monthly recipe blogs that may appeal to all customers including the Millennials.