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  • RE:  Don’t Miss This One
  • Contact:  Shawn Reilly
Owner Financing is Available!

Quick Facts

Asking Price: $249,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 866033937
Broker Reference #: BRNFRD CAR

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Business Overview :

This is a rare opportunity to own a successful bar/restaurant in a high-end East shoreline area. The business has a prime location on RT 1 with high traffic and visibility right off highway. It has a spacious 4,000 square feet area with 40 cozy bar seats, 30 outdoor patio seats, and 75 dining seats. The rent is very low at $6,600 per month, and the current burdening payroll includes a chef who earns $100,000 per year, which can be easily adjusted. The business has been operating for 8 years and offers dinner every night and breakfast and lunch for 5 days a week. There is a lot of room for growth and improvement for a new owner who can take this business to the next level. Come and see for yourself why this is a must-see opportunity, for any aspiring restaurateur act now.

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Property Features and Assets:

4,000 bustling square feet, 40 electric bar seats, 30 inviting patio seats, 75 money making dining seats, meager $6,600 rent NNN, heavily traveled RT 1 location, ambience like no other, upscale East shoreline community, exceptional opportunity for chef owner present chef earns $100,000, established 8 profitable years, one of kind must see opportunity, open 7 busy days 5 of which includes breakfast lunch & dinner, huge upside potential.

Market Competition and Expansion:

Competition: Heavily traveled RT 1 location and great visibility Growth & Expansion: Trimming top heavy payroll is the key here.

Reason for Selling:

Other business interest.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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