Owner Financing is Available!
Business Overview:
This bar/restaurant has been a staple of downtown Framingham for over 30 years. The owners of the business (and real estate) have decided to retire. Over the years the sellers have made A LOT OF MONEY at this location. This business has the only downtown Framingham full liquor license and the town has indicated that they will not issue another license for this area. Every day the business district of Framingham is teeming with individuals who shop and work at the local stores. The owners would like to sell their restaurant/bar business to someone who will convert it into a pub-style business. Important business points: Location: Highly visible downtown Framingham location Competition: This is the ONLY full-liquor bar in downtown Framingham. (Town has indicated that they will not issue any more downtown full-liquor licenses in the future.) Rent: $2,000 per month rent first year with increases thereafter, plus RE taxes. Lottery: Keno, scratch tickets, etc, Lottery History: 2008 profit $40,464 Ways to improve the business: Convert the business to a Pub-style restaurant and Bar: Utilize the entertainment license of the business and offer regular live music.
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:
2,700 Square Feet Bar area, large kitchen and restaurant booth seating area.
Market Competition and Expansion:
The ONLY full liquor license in downtown Framingham. What more could you want?
Reason for Selling:
Owners are retiring after 30 years
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.