N.Shore Ocean Side Restaurant High Profit Summers

Gloucester, MA
Essex County

North Shore Seacoast


Asking Price: Annual Revenue:
$675,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: N.Shore Ocean Side Restaurant High Profit Summers Broker: MARIE FEUDO
Owner Financing is Available!
May be considered-depends on buyer!

Quick Facts

Asking Price: $675,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 430219596
Broker Reference #: MF

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Business Overview:

Asking Price: $675,000
Cash Flow: $250,000
Gross Revenue: $1,400,000
Rent: $4,275 /Month Rent Ratio very LOW !
Established: 2012

High PROFIT Summers! Restaurant on the Water!

OPPORTUNITY of a Lifetime!

Details:
BUSINESS: Waterfront, Full Service Restaurant/Bar
Seasonal Business , Outdoor patio deck, Live music

LOCATION: Gloucester-Rockport area


SALES VOLUME: $38K wk. or $1.4M Year & trending up!
(seasonal, operating 8 mos./yr.)

July & August average over $300,000/mo.

LEASE: $4,275/mo.
(Rent Ratio only 3 1/2% Wow! ) Years. Left: 14 yrs. left

SQUARE FOOTAGE: 3,500 sq. ft.

HOURS OF OPERATION: Open 11:30 a.m.- 1a.m. in season 6 days a week.
Open Wednesday -Sunday in the fall.

SEATING: 411 Seats
(inside 147 seats) (outside deck holds 264 seats)

COMMENTS:
Featured on " Phantom Gourmet!"
RARE opportunity to buy an ON-THE-WATER, Marina Restaurant & BAR with a huge deck and plenty of parking. Offers Catering and takeout as well. Two big bars, inside and on the deck with entertainment galore. Focus on “Bar Business” to increase bottom line.

Perfect opportunity to work for 8 months and take 4 months off. "Florida, here I come."

Serious, experienced financially able buyers only!
(Ask about REAL ESTATE, the ICING on the Cake.)

Contact:
Marie

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Property Features and Assets:

One of the few locations with outdoor entertainment on the water!

Market Competition and Expansion:

Limited competition!

Reason for Selling:

Retiring

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.

Relevant Links:

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