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Business For Sale

Waterfront Restaurant/Making $25k per wk!!!

Gloucester, MA, USA

Food & Beverage: Bars, Clubs, Nightspots

Asking Price:
Year Established:
Employees:
Listing Number:
$200,000
Not Disclosed
Not Disclosed
504519596
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
Not Disclosed
Not Disclosed
$200,000
Not Disclosed

Business for Sale Overview:

Retiring Owner Will Sell This Great Seasonal Pub With Or Without The Real Estate. Spend Your Winters In Florida, Like He Does. Without the real estate, you can buy the pub for $200,000 with an Option on the real estate. Pub does about $750,000 DURING THE SUMMER MONTHS ALONE...WAITING LINES EVERY EVENING, 7 DAYS A WEEK. With the real estate, you get the revenue from the 2nd and 3rd floors which is an Additional Net of about $100,000 from weekly rentals of 18 rooms to men only. A woman easily handles this for you. Cost for everything is $1.3M. This is a real Steal.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Property Features and Assets:

Beautiful 4,000 square feet facility, great location across from the water and a huge municipal parking lot. Big square bar, hardwood floors, big kitchen, and 130 seats makes this a terrific opportunity for a couple of young guys or a chef/operator.

Market Competition and Expansion:

Minimal competition. No need to expand, there is already more net profit than you need. Since opening a new cruise ship terminal, there is a constant stream of tourists in town every week.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Waterfront Restaurant/Making $25k per wk!!!
Business Listed By:
Phil Montoni
New England Restaurant Brokers
contact the seller
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