Seller's Contact Information
- RE: Classic North End Restaurant With Longtime Success
- Contact: Todd Smith
Quick Facts
| Asking Price: | $649,000 | |
| Annual Revenue: | $1,250,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 600324983 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Classic North End Restaurant with long history of success. This has been a successful restaurant for decades and with a strong cash flow it is very appealing opportunity. The owners are retiring, and they are looking for a good Buyer and Tenant for business and building
.
FACILITY:Classic North End location in very good condition
PARKING:City Lots – limited street parking
EQUIPMENT:The equipment is in excellent condition and has been well maintained.
LEASE TERM:10 years with two (2) five-year options
BASE RENT:$12,000 NNN
CONCEPT:Italian
SIZE:2,450 square feet
SEATS:Capacity for 99
HOURS:Monday - Friday 4p-10p; Saturday 12p-10p, Sun 12p-9p
LICENSES:Beer/Wine/Cordial
SALES:$1,250,000 per year
CASH FLOW:$300,000 per year
ASKING PRICE: $649,000 (For the Business)
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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:
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