Owner Financing is Available!
Business Overview:
Prime Quick Serve Restaurant available for Sale in Nantucket. This successful restaurant has a prime location in a high traffic area on the island. The Seller recently invested $150,000 in new equipment and leasehold improvements. The concept is successful but the Seller has multiple concepts and locations and is simplifying his life. The location is ideal for a Clam Shack, Seafood or late night dinning.
SALES: Approximately $325,000 in 2011.
ASKING PRICE: $100,000 (For the Business Assets, Some financing available for qualified Buyers).
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:
FACILITY: The space is approximately 650 square feet (325 sq. ft. on the 1st and 325 sq. ft. on the 2nd) with a 6 person seating capacity.
LEASE TERM: Five (5) years remaining on the current lease with one five (5) year option available
BASE RENT: $66,244 per year (To be paid in two payments)
LICENSES: C.V.
PARKING: Adjacent lots and on street parking.
SEATING: There is seating for 6 patrons inside (mostly take out business)
HOURS: Open from 11:00 AM – 9:00 PM, 11:00 PM on Weekends (License is 5:00 AM – 2:00 AM).
Market Competition and Expansion:
CONCEPT: Quick Service Restaurant.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.