Italian Restaurant with Heavy Take-Out

North Reading, MA
Middlesex County

Rte. 28 Between Stoneham and Andover

Asking Price: Annual Revenue:
$225,000 $832,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant with Heavy Take-Out Broker: Betsy masucci
Owner Financing is Available!
Down payment $50,000

Quick Facts

Asking Price: $225,000
Annual Revenue: $832,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 757419596
Broker Reference #: EM1505

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Business Overview:

LOCATION: Rte. 28, between Stoneham and Andover

SELLING PRICE: $225,000 DOWN PAYMENT: only $50,000

SALES VOLUME: Averaging $15,000 - $17,000/week. 80% pick up & delivery

LEASE: $2,95/month (includes NNN) 5% of sales Years LEFT: 10 years +

SQUARE FOOTAGE: approximately 2,500 square feet sprinkled.

HOURS OF OPERATION: OPEN 5 DAYS, mostly 10 AM - 9 PM (pick up an additional $2,000 - $3,000/week opening 7 days)

SEATING: 65 seats

COMMENTS: Presently not pushing Beer & Wine...full liquor license is available.
Partnership dispute forces sale consideration. Seller owns another food operation in Newton...can't handle both. Nice dining room...large parking lot. A seasoned operator will immediately see the value and potential.

$50,000 puts you in business!
Contact Betsy or email us.

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Property Features and Assets:

Nice dining room, large parking lot.

Market Competition and Expansion:

Minimal competition, large loyal customer base.

Reason for Selling:

Owner has other restaurant.

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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