Owner Financing is Available!
Business Overview:
Well established Seafood Bar & Grill located South of Boston. This site is located adjacent to a major Commuter Rail with high traffic and plenty of parking. This is an excellent conversion opportunity; with the Full Liquor License, below market rent and location this site has plenty of growth potential. The current Operator runs this completely absentee; an involved Operator would grow Gross sales and Profitability dramatically. The Seller is also willing to license the name and Brand of this well known regional restaurant chain to the new Buyer. They are motivated and willing to offer substantial Seller Financing!!
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:
LOCATION: High traffic area adjacent to a major commuter rail station South of Boston. FACILITY: The space is approximately 2,500 sq. ft. with a 110 person seating capacity (with Sprinkler System) plus outdoor patio seating. LICENSES: Full Liquor License (1:00 AM) Entertainment may be available with the town.
PARKING: Plenty of parking. LEASE TERM: Four (4) years remaining on the current lease, a new lease is available. BASE RENT: $2,400 per month (plus Real Estate taxes). CONCEPT: Seafood Grill & Bar. SEATING: There is seating for 110 patrons inside plus outdoor seating. HOURS:1 1:00 AM – 10:00 PM (Can be open much longer hours). SALES: Approximately $805,000 per year. CASH FLOW: Approximately $143,000 per year. ASKING PRICE: $125,000 (Seller Financing Available!!)
Additional Details:
- The property is leased.
- 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: