Business For Sale

Great Restaurant Location

Not Disclosed, MA
Middlesex County

Asking Price: Annual Revenue:
$399,000 $1,730,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Great Restaurant Location Broker: Karen Kelley
License #: 90115338
Owner Financing is Available!
Possibly some seller financing for a well qualified buyer.

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,730,000
Net Profit: Not Disclosed
Cash Flow: $165,000
Total Debt: Not Disclosed
FF&E: $1,200,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 34
BBN Listing #: 89842849
Broker Reference #: 15502

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Business Overview:

Restaurant Middlesex County Gross $1.7m

Full Service Restaurant off major route in desirable Middlesex County.
- Owner's original investment was $1.2m+
- Beautiful space consists of 4,000 sf on first floor which features
Full Bar, Dining Room, Open Kitchen & Rest Rooms, the basement
houses offices & storage.
- Guest capacity of 130, full liquor license, and ample parking.

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Property Features and Assets:

Open kitchen style dining with Mediterranean flair. Over $1,200,000 spent on capital/leasehold improvements. Tons of off-street private parking. Beautiful bar. Private function room. Gorgeous dining room with seating for 130.

Market Competition and Expansion:

What can we say. Success speaks for itself. Great food, great service,. great ambiance and reasonable prices. Always room to add additional profit centers - catering, expand take-out, corporate functions, etc. As a friend in the industry with 3 locations once said, shave 3% from COGS and operating expenses and profitability goes up $53,000. There's room for that here - our client is tired.

Reason for Selling:

New Adventure.

Additional Details:

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

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