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Business For Sale

FAMOUS RTE. 1 RESTAURANT NORTH OF BOSTON

Attn: Dennis Serpone
North of Boston, MA, USA
Listing Number: "DS"
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Asking Price: $$750,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Other business ventures
Yearly Revenues: $$1,375,000
 

Business for Sale Overview:

PREMIER RESTAURANT IN AN AFFLUENT TOWN. LOCATED ON A HIGHWAY WITH 60,000 CARS PER DAY GOING BY YOUR DOOR. 200 SEATS WITH ROOM FOR MORE SEATING OR A DANCE FLOOR. 25 seats at long bar. Mahogony through out. $25,000 - $30,000 per week, with higher than ususal prices, creates a huge profit margin. Extremely large parking lot. Two full kitchens. Strong party, function business with another 2,000 sf to expand into. AVERAGING $20K (during a snowy week) to $30K per week around the Holidays. Only asking a reasonable $750,000 with 17 yrs left on the lease. Present rent is only $6K per month for 6,000 sf. A seasoned chef or operator will easily recognize a well-run, profitable business. Loads for function, business-meetings business in the area. COULD EASILY BE TURNED INTO A NIGHTCLUB, FAMILY PUB, OR OTHER ETHNIC CONCEPT.


Property Features and Assets:

200 seats, 25-stool beautiful bar. Meticulously maintained. No deferred maintenance. A favorite place for business or romance. Full entertainment license. 7 FLAT SCREEN TVs around bar area.


Market Competition and Expansion:

2,000 sf available for expansion. A number of other types of restaurants in the area, but they don't provide much competition.


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 resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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