Seller's Contact Information
- RE: Newton-Turnkey-Bar-Restaurant/Functions-Patio
- Contact: Bob Cioffi
Quick Facts
| Asking Price: | $300,000 | |
| Annual Revenue: | $2,400,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $250,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 25 | |
| BBN Listing #: | 243119596 | |
| Broker Reference #: | BC66 |
Business Overview:
Prime- Upscale- Newton Bar/Restaurant/Functions-Entertainment-Patio
TYPEOF BUSINESS: Turnkey/Bar-Restaurant/Entertainment-Function Facility.
LOCATION: Greater Affluent Newton Area
SELLING PRICE: $300,000 DOWN PAYMENT: $150,000 (Owner Financing)
SALES VOLUME: 45,000 per week. DELIVERY.8%
LEASE: New lease Available
SQUARE FOOTAGE: 5,000 square feet -Downstairs, main level with patio-upstairs functions.
HOURS OF OPERATION: 7 days- 11am till 1am
SEATING: 3 levels: (inside 275……. patio 100) Full cellar.
REASON FOR SELLING: Owner has many priorities to tend to.
COMMENTS: High profile well established upscale restaurant-bar, functions, entertainment, and patio Complex. True turnkey. This facility has it all, Functions in High demand, go after them. 2 bars, full cellar with big kitchen. Entertainment allowed inside and on the patio. Proven hot spot for outside dining & Entertainment. Fully staffed, crazy busy in 8-month season, open year-round. Municipal parking everywhere. Add Lottery, (huge here) Utilize the upstairs and downstairs for all types of functions. This facility can accommodate almost any type of dining or function. Advertise your events, practically recession proof area, very high medium income. This facility calls for an experienced restauranteur, multiple opportunities to make money, It has it all. NDA required Contact Bob. *PRICED TO SELL FAST!
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Property Features and Assets:
Free standing, 3 levels for dining, functions, bar and 100 seat patio. True turnkey, prime affulent location. Excellent condition.
Market Competition and Expansion:
Nothing quite like this facility. offers entertainment inside and out, functions, 2 bars, flexibilty to conduct business ois off the charts. Can do it all here.proven track record.
Reason for Selling:
Owner has other businesses-Need his attention.
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
Documents:
Relevant Links:
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