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Massachusetts Business For Sale

 

LOWELL. FAMOUS ITALIAN RESTAURANT & BAR


Attn: Dennis Serpone
Lowell, MA, USA
Listing Number: "ds"
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Asking Price: $299,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Going back to corporate world. Not an entrepreneur



Business for Sale Overview:
Best location in Lowell. Selling Price: $299,000 (with only $150,000 down). Sales Volume: Averages $20,000 per week. Number Of Seats: Licensed for 150 inside 40 on patio. Lease: $4,500 per month (includes NNN). Years Left: 5 plus 5 (more avail). Square Footage: 2,600 square feet 1st floor, 800 square feet, function room 2nd floor. Hours Of Operation:11 am -12 pm, till 2 AM weekends. Comments: 2 AM liquor license, entertainment license, function room for Adult Private Parties. Full inside surveillance equipment, huge municipal parking lot next door. Inexperienced seller has brought it this far, you can take it to the next level. This is the premier Italian restaurant in Lowell. This is located in the “Beacon Hill-style” area of Lowell. Suitable to keep it doing 80% food or better utilize the liquor end of the business. Net $250,000 per year with little effort. First time offered, take the time to see this Excellent deal. LOWELL IS BECOMING A YUPPIE HOMESTEAD.

Property Features and Assets:
Best location in Lowell. Licensed for 150 inside 40 on patio. Square Footage: 2,600 square feet 1st floor, 800 square feet, function room 2nd floor. Hours Of Operation: 11 am -12 pm, till 2 AM weekends. Comments: 2 AM liquor license, entertainment license, function room for Adult Private Parties. Full inside surveillance equipment, huge municipal parking lot next door. Inexperienced seller has brought it this far, you can take it to the next level. This is the premier Italian restaurant in Lowell. This is located in the “Beacon Hill-style” area of Lowell. Suitable to keep it doing 80% food or better utilize the liquor end of the business. Net $250,000 per year with little effort. First time offered, take the time to see this Excellent deal.

Market Competition and Expansion:
This has the Best reputation for Italian food in Lowell.


Additional Details:
  • The property is leased.
  • 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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