Business for Sale Overview:
Prime Location on the Cape…Picturesque restaurant and bar with outdoor seating and attached Nightclub. This is a great investment to cash flow opportunity that is priced to sell. The business is currently being run by a part time owner. Sales and the bottom line could be grown quickly with an experienced operator. This is a must see opportunity that will not last.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
PARKING: On street parking & Public Lots; CAPACITY: The capacity of the facility 315; SIZE: 6,600 square feet; LICENSES: Full Liquor, Entertainment and Common Victullars. RENT:$9,500 plus NNN;
LEASE: Five (5) years remaining additional options are available
SALES: Approximately $1,300,000 (65% Alcohol to 35% Food ratio)
CASH FLOW: Approximately $140,000 per year; ASKING PRICE: $275,000.
Reason for Selling:
Partner disagreement
Additional Details:
- The property is leased.
- 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.