Lynn /Swampscott Breakfast Lunch Catering Business

Business Overview:

SELLING PRICE:  $155,000                          DOWN PAYMENT: only $50,000 Required

 

SALES VOLUME:  Approximately $400,000 per year

                                                

LEASE:    Seller also owns the real estate…pays himself $3,200/Month rent…he’s happy to negotiate a reasonable lease with a buyer. Awesome Landlord.                                                                     

 

SQUARE FOOTAGE: Approximately 1,200 square feet.

 

HOURS OF OPERATION:  4 days; closed Sunday, Monday, & Tuesday; 7 am – 1 pm

 

SEATING:     35 inside                  55 outside …12 tables with heaters

 

REASON FOR SELLING: Retiring after 30 years (the business has been here for 80 years)

 

COMMENTS:  $50,000 will put you in a phenomenal underutilized business. Breakfast is huge but most of the seller’s profits come from offsite catering (Hammond Castle). GREAT location at a major intersection…EVERYONE knows of this place. sidewalk-like seating. Huge rotating, 5-shelf Reed oven if you want to do pizza.

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Property Features and Assets:

The business is located at a very busy intersection near the ocean. Great visibility, great past history.

The space is somewhat dated but in a good way. The city allows them to have 50 seats outside with umbrella's and heaters. The space has great bones, weather you decide to just do the breakfast end of it and forego the catering or do both. It Located directly on the Swampscott Lynn Line a good section near the beach. The building has been retail food for 80 years. Ask for photos.

Market Competition and Expansion:

No Breakfast & Lunch places close by. regarding catering sky is the limit as current catering customer list is included with this sale. This is a potential for multiple thousands of dollars, servicing Hamon castle weddings and other already established catering customers.

Reason for Selling:

Retiring

Additional Details:

Documents:

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