Lovely Restaurant & Bar - Lowell

Lowell, MA
Middlesex County

Asking Price: Annual Revenue:
$199,900 $275,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Lovely Restaurant & Bar - Lowell Broker: Todd C. Smith

Quick Facts

Asking Price: $199,900
Annual Revenue: $275,000
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 #: 319724983
Broker Reference #: Not Disclosed

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Business Overview:

Long Established and well known Restaurant & Bar on a busy street with a lovely, modern interior. The facility has a first rate build-out and equipment package, 125 person capacity, full liquor and entertainment licenses. This turn-key facility is easily converted to any concept.

PARKING: On street and public and private lots.

EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.

LEASE TERM: Owner will negotiate a favorable lease with new buyer.

BASE RENT: $3,000 per month plus % of taxes, water and utilities

CONCEPT: Restaurant/Bar/Functions

SEATING: Capacity of 125 persons

SIZE: 3,000 square feet plus full basement with walk in cooler

HOURS: Closed Monday. Tues-Friday from 5pm until close. Sat/Sun from noon until close.

LICENSES: Full Liquor (2:00 AM) plus entertainment license.

SALES: $275,000.00

ASKING PRICE: $199,900 (For the Business)

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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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