Business For Sale

METHUEN-Successful Restaurant/Bar AssetSale $59.9k

Methuen, MA
Essex County


Asking Price: Annual Revenue:
$59,900 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: METHUEN-Successful Restaurant/Bar AssetSale $59.9k Broker: Marie
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Quick Facts

Asking Price: $59,900
Annual Revenue: $600,000
Net Profit: $150,000
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 8
BBN Listing #: 115119596
Broker Reference #: MF

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Business Overview:

TYPE OF BUSINESS: Successful Restaurant/Full Liquor/Bar

LOCATION: Haverhill/Methuen Area
Very busy main road, parking lot

SELLING PRICE: $59,9000 CASH

SALES VOLUME: $12,000+ % DELIVERY: None

LEASE: $2,890. NNN $850 Years LEFT: 4 with 3 -5 year options

SQUARE FOOTAGE: 1,368 square feet.
(Option may be available for another 3,000 square feet of space)

HOURS OF OPERATION: Monday - Wednesday 11:30-9 Thursday - Saturday 11:30-10 Sunday 11:30-8
1:00 a.m. Liquor License
SEATING: (inside 52 seats) (outside 12 seats)

COMMENTS: Beautiful build-out.Owner has done so well, decided to move his concept to a larger location. Opened in July 2017 , the overall trend has been straight up. With a fast and loyal following, sales in early fall topped off at $12,000 a week. Up to code including 2 bathrooms-handicapped accessible. An experienced hands on operator will take this to top. Plenty of upside by building up catering and/or bar hours.
Call or email Marie to view this location.
Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.
ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.

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Reason for Selling:

Moving concept to larger venue

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.

Documents:

Relevant Links:

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