N.Shore R.E./Landmark Restaurant/Pub/$35k-$40k wk

Not Disclosed, MA
Essex County

Major Highway, Highly Visble


Asking Price: Annual Revenue:
$2,700,000 Not Disclosed

Commercial Real Estate: Land


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RE: N.Shore R.E./Landmark Restaurant/Pub/$35k-$40k wk Broker: MARIE FEUDO

Quick Facts

Asking Price: $2,700,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,000,050
Year Established: 1969
Employees: Not Disclosed
BBN Listing #: 996419596
Broker Reference #: MF 1

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Business Overview:

TYPE OF BUSINESS: Prominent Full Service Restaurant/Pub/Function Facility
LOCATION: Busy MAJOR HIGHWAY, Traffic Count 41,000 VPD, Parking Lot w 82+ spaces
(extra parcel for purchase available 20,000 square feet)
SALES VOLUME: $35,000 - $40,000 a week
SQUARE FOOTAGE: 2 floors-5,745 square feet each floor including Dining Room, Lounge, 3 function, fully sprinkled rooms
HOURS of OPERATION: Monday - Saturday 8a.m. to 1 a.m., Sunday 11 a.m.-1 a.m.
SEATING: Dining Room: 80 Seats Bar Area: 61 Seats, Large Function Room 150 seats (but rated for 200 seats), 2 smaller between 40-80 seats each, Patio seating
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• PROPERTY TYPE: Highway/Commercial (HC), Free Standing Building
PROPERTY SUB-TYPE: Commercial Restaurant/Other
LOT SIZE: .895 acre (38,982 sq. ft.) (adjacent smaller lot also available for sale)
Footprint: approximately 8,810 square feet
YEAR BUILT: 1969 Commercial Tax Rate: $21.19

COMMENTS:Now’s your chance to capture this GREAT PIECE OF PROPERTY and landmark restaurant!

VOTED-BEST ITALIAN RESTAURANT! (many times through the years). Successful for 39 years (opened since 1970) and makes approximately $2,000,000 or more in sales per year.

It is conveniently located approximately 20 miles north of Boston w frontage on major highway. Excellent location with access points to three major highways, and a back entrance.

Property is in a community that has a strong Business Climate and has sustained a strong business base through thoughtful zoning as well as competitive utility and tax rates. The property benefits from strong surrounding demographics and income living within a 3-mile radius.
NDA REQUIRED

Call, text or email Marie if you have serious interest.

Recent Appraisal (1/2019) Available to View after Showing.

ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.

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Property Features and Assets:

Great piece of property, Commercially zoned, see town hall for your concept. Approximately 20,000 square available for expansion. Current business has had a very successful run in this area.

Reason for Selling:

Retiring

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.

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