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- RE: Greater Mansfield.'Hot' ALL American Sports Bar.
- Contact: Bob C Cioffi
Quick Facts
| Asking Price: | $17,000,000 | |
| Annual Revenue: | $47,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2006 | |
| Employees: | 50 | |
| BBN Listing #: | 349119596 | |
| Broker Reference #: | BC50 |
Business Overview:
Greater Mansfield area. Heavily traveled main road, TURNKEY All AMERICAN PUB
SELLING PRICE: 1.7 MILLION...SBA financing readily available with the possibility of some seller financing for the right buyer.
SALES VOLUME' consistent $90,000 per Week or 4.7M per year
LEASE: is only 3% of sales with a 5 yr option to purchase real estate at Fair Market Value,
SQUARE FOOTAGE: 6,000 square feet sitting on over 2 acres of prime real estate with town sewage.
HOURS OF OPERATION: 7 days, 11am - Midnight
SEATING: 220 seats inside,...50 seats outside.
ESTIMATED ANNIUL NET PROFIT: 10% -12%
REASON FOR SELLING: Long overdue retirement.
COMMENTS: In close proximity to towns south of Boston, Cape cod, and the wonderful people of Rhode Island, this juggernaut PRINTS MONEY!
Customers come from all over for the food, ambiance and personality of this Turnkey operation.
Buying this fabulous restaurant/bar puts you with the likes of the now gone, HILL TOP, and Christo's..but comparable to the likes of the EAST BAY GRILL and the CASK & FLAGON...but in this case, someday you will own the real estate.. If you have experience, the resources and the personality...this will be your retirement vehicle.
Contact Bob Cioffi.
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Property Features and Assets:
Absolute Turnkey operation. Owners attention to detail is well defined for this popular Sports bar/ Grill. Big bar, FFE is very good condition, 2 acres of parking.
Market Competition and Expansion:
There is nothing quite like this with its consistent reputation of impressive food and staff. can easily increase catering and outreach to its huge customer base.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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