Business Overview:
Prime Restaurant/Bar available for lease in Nantucket. This long established restaurant has a prime location on the famous island. The restaurant was open and operating in the 2011 Season and has a complete and operational FF&E package. It is a beautiful facility with a location that cannot be beat. The restaurant has a Full Liquor license and seating for 156 persons. The landlord is looking for a new long term, well qualified and experienced tenant. This is a rare leasing opportunity!
LOCATION: Nantucket is a Mecca for the tourism industry and is drawing people to its natural and everlasting beauty along with its first-rate attractions, accommodations and restaurants. Nantucket has a year round population of over 10,000 and then swells to 50,000-60,000 during July and August. The Island is known for its beautiful cobblestone streets, excellent restaurants, charming lodging establishments and historical locations available to the public. The island is easily reachable year round by ferry boat or plane service.
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 restaurant is 3,250 square feet;
PARKING: On street parking;
SEATING: 156 person seating capacity;
SALES: $1,100,000 in 2011 (with higher historical sales);
LICENSES: Full Liquor license;
HOURS: 8:00 AM – 1:00 AM;
RENT: $150,000 per year ($75,000 at lease signing);
LEASE TERM: Seven (7) year initial term.
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.
Resources: