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Business For Sale
FAMOUS RTE. 1 RESTAURANT NORTH OF BOSTON
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Asking Price: |
$$750,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Other business ventures |
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Yearly Revenues:
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$$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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