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Massachusetts Business For Sale |
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| RESTAURANT WITH REAL ESTATE WORCESTER COUNTY, MA |
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| Attn: Audie Quick |
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| Worcester County, MA, USA |
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| Asking Price: |
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$1,950,000 USD USA Dollars |
| Business for Sale Industry: |
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Commercial Real Estate: Retail |
| Reason for Selling: |
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Career Change |
| Year Established: |
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1947 |
| # of Employees: |
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32 |
| Yearly Revenues: |
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$1,290,000 |
| Yearly Cash Flow: |
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$350,000 |
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Business for Sale Overview:
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Warm and Friendly Family Style restaurant with 3 separate dining rooms (can and are used for private functions) Plus a great pub area. Maximum occupancy 365. This is a well established and popular family establishment with a fantastic atmosphere, beautiful rooms, and wonderful kitchen. Plenty of parking. The Real Estate is included in this offer. Nicely located in Worcester County. This Restaurant is a Cash Generator
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Property Features and Assets:
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One story wood frame 6,710 sq. ft. building used as a restaurant. There is a small second floor office and storage room. Land is 3.8 acres in 3 parcels. 465 ft. Frontage. This piece of real estate is an ongoing restaurant and will be sold as a business with real estate included. (The price includes business and real estate.) Property taxes are approx. $12K. 400 amps electric. Last appraisal was 2004 Location is terrific. Water is very close and major intersection of an interstate highway is .25 mile away. Plenty of parking. Current and Prior Use: It would appear to be easy to develop the site further. Site is essentially level. The site has sewer access and is zoned for business use. |
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Market Competition and Expansion:
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Competition: There are other restaurants in the area but this is a great, well known and respected family establishment.
Growth/Expansion: Business Lunch could be expanded as could banquest marketing
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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