WORCESTER Area- Rest. 2 Bars, Function Hall

Worcester, MA
Worcester County

Worcester Area Metro West


Asking Price: Annual Revenue:
$1,500,000 $3,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: WORCESTER Area- Rest. 2 Bars, Function Hall Broker: John Ruggieri
Owner Financing is Available!
Perfect for SBA Loan with 20% down

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $3,000,000
Net Profit: $600,000
Cash Flow: $600,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: Not Disclosed
BBN Listing #: 101819596
Broker Reference #: jr128

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Business Overview:

TYPE OF BUSINESS: POPULAR RESTAURANT, LOUNGE, FUNCTIONS & REAL ESTATE

LOCATION: Metro West-Worcester area

SELLING PRICE: $1.9M …excellent financials for SBA financing (20% cash req’d)

SALES VOLUME: $60,000 -$80,000/week

LEASE: 5% of sales

SQUARE FOOTAGE: 11,000 square feet.

HOURS OF OPERATION: 5 days: mostly 11 AM – 8 PM…CLOSED Monday, Tuesday.

SEATING: (inside 400 seats) (outside 85 seats) (function 150+ seats)

COMMENTS: This is the first time in 30 years that this is being offered. Town sewerage is a plus. The bldg. is fully sprinkled and in impeccable shape. 150 seat function room, large dining room, beautiful lounge with live music Thursday, Friday, & Saturday One year. Option to buy the real estate at Fair Market Value. Also Option to buy a total of 6.7 acres (useable land and buildings on about 3 acres. Adjacent 6-UNIT RETAIL income property also available. Seller is netting approximately $600,000/year.

Call John Ruggieri.781-858-2343

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Property Features and Assets:

Large modern dining room with a bar area as well as a retail prepared foods market and 200 seat function facility, with adjacent retail building as well as an additional 3+ acres of developable land.

Market Competition and Expansion:

No facility like this in the immediate area.

Reason for Selling:

Retiring

Additional Details:

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

Documents:

Relevant Links:

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