Salem-Beverly Area: Mediterranean Restaurant

Beverly, MA
Essex County

SALEM-BEVERLY AREA


Asking Price: Annual Revenue:
$70,000 $364,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Salem-Beverly Area: Mediterranean Restaurant Broker: Betsy
Owner Financing is Available!
Down Payment: $50,000 Financing: 3 Years at 6%

Quick Facts

Asking Price: $70,000
Annual Revenue: $364,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 218919596
Broker Reference #: EM1313

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Business Overview:

MEDITERRANEAN RESTAURANT...PRICE DROP...GREAT DEAL...YOU'VE GOT TO SEE IT TO BELIEVE IT!!!

THIS WON'T LAST!!!

Busy main street location

SELLING PRICE: $70,000 DOWN PAYMENT: $50,000

SALES VOLUME: $7,000/week % DELIVERY: 25%

LEASE: $3,500/month (includes NNN)
SQUARE FOOTAGE: 1,600 square feet. Plus Basement space
HOURS OF OPERATION: 11 am - 9 pm, closed Sundays
SEATING: 19 seats

COMMENTS: Cost $150,000 to build; all new equipment. Present concept is Mediterranean but can accommodate other concepts, as well. EXCELLENT LOCATION with great visibility. This is a steal for any concept. (Hi-grossing pizza & subs across the street)...Chinese, chicken, BBQ, breakfast cafe...you name it!!!
Contact Betsy 617-840-5606 or betsy817@verizon.net.

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Property Features and Assets:

All new equipment This is a steal... Located on busy main street. EXCELLENT VISIBILITY.

Market Competition and Expansion:

Competition is low. Opportunity exists for other concepts, such as Chinese, Chicken, BBQ, Breakfast-Lunch, Bagel and Coffee. Italian, Thai, etc. There is a high-grossing pizza and sub restaurant across the street.

Reason for Selling:

Owner is relocating.

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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