Wayland-Italian Restaurant w/strong pizza online

Wayland, MA
Suffolk County

Affluent town shopping center


Asking Price: Annual Revenue:
$395,000 $1,800,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Wayland-Italian Restaurant w/strong pizza online Broker: Dennis Serpone
Owner Financing is Available!
ONLY $125,000 cash down payment required. Seller will finance $270,000 at 6%

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,800,000
Net Profit: $250,000
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 #: 128219596
Broker Reference #: DS0234

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Business Overview:

SELLING PRICE: $395,000 …firm DOWN PAYMENT: $125,000
however, the seller will take $300,000 in an all cash deal.

SALES VOLUME: strong $31,000 - $33,000/week % Delivery: approximately 20%...mostly P/U
LEASE: $10,000/month. (includes NNN)…only 7% of sales Years LEFT: new lease available

SQUARE FOOTAGE: approximately 3,000 square feet.
HOURS OF OPERATION: 7 days, mostly 4 – 10 PM
SEATING: (inside 101 seats) (outside 50 seats)
REASON FOR SELLING: retiring.

COMMENTS: Rarely do you find such a beautiful restaurant in an affluent area known for their fabulous Italian food and pizza. Great visibility, huge parking lot, and easily worked kitchen. No deferred maintenance. NETS OVER $250,000/year
Contact Sue.

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Property Features and Assets:

Pristine build-out...open kitchen. Popular bar...with a pop-up large patio outside. You need to see this if you're a serious operator.

Market Competition and Expansion:

None

Reason for Selling:

Retiring

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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