Burlington-Lakeside Restaurant & Sports Pub.

Burlington, MA
Middlesex County

Bustling Burlington Greater Area


Asking Price: Annual Revenue:
$250,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Burlington-Lakeside Restaurant & Sports Pub. Broker: Bob Cioffi
Owner Financing is Available!
For qualified buyer.

Quick Facts

Asking Price: $250,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 16
BBN Listing #: 88519596
Broker Reference #: BC 152

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Business Overview:

LOCATION: Burlington-area. Highly populated residential and office bldg. area

SELLING PRICE: $250,000 DOWN PAYMENT: $100,000

SALES VOLUME: $8,000 - $10,000 NOW, was $18,000 - $22,000/week pre-Covid.
LEASE: $7,000/month. (includes NNN)
Years LEFT: New lease including Right of First Refusal or OPTION

SQUARE FOOTAGE: 3,000 square feet + 1,000 second floor function room and office
HOURS OF OPERATION: 4. – 11 PM…3 DAYS
SEATING: 240 seats both inside and patio overlooking lake.
COMMENTS: Unbeatable location on a beautiful lake and in close proximity to numerous office parks. Long bar, game room w/two pool tables, bands on the weekends. 2nd floor function room also overlooks lake. Seller is adding a deck off the 2nd floor function rm, overlooking the lake. Two owners are absentee and realize that an owner should be on premises at most times to maximize sales and profits. If you're a seasoned operator with culinary talents, you'll immediately appreciate the potential. JV POSSIBLE.
Contact Bob or use email reply button of this ad to contact us.

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Property Features and Assets:

Free Standing with parking; Overlooking beautiful lake; Equipment in Turn key condition; Great demographics.

Market Competition and Expansion:

Can add a outside deck on the second floor overlooking the lake. Great for family's, functions and entertainment. Separate function room and bar on second floor. Impeccable condition.

Reason for Selling:

Owner has other interests.

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:

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