Needham-Rare Turnkey Restaurant-Bar

Newton, MA
Middlesex County

Bustling high income area


Asking Price: Annual Revenue:
$325,000 $2,200

Food & Beverage: Bars, Clubs, Nightspots


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RE: Needham-Rare Turnkey Restaurant-Bar Broker: Bob Cioffi
Owner Financing is Available!
very negotiable

Quick Facts

Asking Price: $325,000
Annual Revenue: $2,200
Net Profit: $265,000
Cash Flow: $265,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 21
BBN Listing #: 796519596
Broker Reference #: BC140

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Business Overview:

RARE-PRIME LOCATION- TURNKEY RESTAURANT-BAR

TYPE OF BUSINESS: Popular-Restaurant-Bar
LOCATION: Greater Needham area
SELLING PRICE: $325.000 DOWN PAYMENT’ 250K
SALES VOLUME: $42,5000 per week -(Pre covid) DELIVERY (2%)

SQUARE FOOTAGE; 3,600 square feet,
HOURS OF OPERATION: 11am-11pm -7 days
SEATING: Inside- 99
REASON FOR SELLING: Relocating out of state.
COMMENTS: Full Liquor & entertainment licenses, located in the heart of one of the Hottest spots anywhere. Annual Personal income exceeds $150,000 pp. Cannot miss. Over 1,000 new high-end apartments/Condo’s being built to an already Heavy traffic area. This Prime location is geared for the proven restauranteur with strong draw for entertainment/jazz. Excellent lay out, large Bar w/high tops and open table seating for visible interaction. Add lottery-a social media giant-Thousands of customers at your fingertips. Hurry, this will not last-Contact Bob.

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Property Features and Assets:

Prime Location- Plenty of parking, excellent condition/great condition.

Market Competition and Expansion:

This high profile/income area can handle lots of different businesses.

Reason for Selling:

Owner has other interests.

Additional Details:

  • The property is leased.
  • The owner is not 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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