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Business For Sale
BOSTON RESTAURANT WITH A+ LOCATION
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Asking Price: |
$400,000
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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Moving |
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Year Established:
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1988 |
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Yearly Revenues:
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$630,000 |
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Yearly Cash Flow:
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$125,000 |
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Yearly Net Profit:
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$125,000 |
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Yearly Gross Income:
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$630,000 |
Business for Sale Overview:
Restaurant in downtown Boston with very desirable location in a high profile and affluent neighborhood with a dense population of local residents, office workers and shoppers. This is a highly visible and accessible site with outdoor seating and tremendous growth potential.
Property Features and Assets:
The restaurant space is approximately 2,500 square feet with a 80 person seating capacity. The space consists of a dinning rooms, kitchen and bathrooms and a full basement. There is also outdoor seating.
Market Competition and Expansion:
Licenses: Beer & Wine, Common Victualler.
Sales: The sales are approximately $630,000 annually.
Cash Flow: $125,000 annually.
Rent: The rent approximately $84,000 annually.
Lease: The current lease has five (5) years remaining with one ten (10) year renewal option; however the landlord is most likely going to want to sign a new lease. The landlord is very easy to deal with.
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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