Business For Sale

Under Agreement: One of a Kind Casual Steakhous...

Metro West, MA
Worcester County

Asking Price: Annual Revenue:
$137,000 $520,823

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Under Agreement: One of a Kind Casual Steakhous... Broker: Sanjay Ahuja
Owner Financing is Available!

Quick Facts

Asking Price: $137,000
Annual Revenue: $520,823
Net Profit: Not Disclosed
Cash Flow: $46,747
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 17
BBN Listing #: 805352515
Broker Reference #: BOSTOMA002-N2

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Business Overview:

Under Agreement: This 36-year-old full-service restaurant is a local favorite gathering place where “Strangers meet and Friends depart”. It specializes in Steaks and Seafood and stands apart from competition by providing the right food – much more than a typical steakhouse; the right atmosphere – cozy lighting and soft music; and the right entertainment – music nights on Wed, Thu, & Fri. It has been written about in the local press and during its heydays it was voted as the #1 local restaurant by Worcester Telegram and Gazette. The average annual revenue over the last 4 years is $520,823, and the business generated an average of $46,747 per year in Sellers Discretionary Earnings. By increasing the hours of operation, a new owner can grow the annual revenue to around $650,000 per year – a figure that the business achieved in the years when it was open longer than current hours. This is a well-established business and it makes for an excellent investment for anyone interested in the food & beverage industry. It has all the necessary logistics with suppliers/vendors in place and a very close-knit customer base. Seller is seeking retirement after running the restaurant for 36 years, is expecting $137,000 (including inventory valued at $19,087) for the sale of this business, and is willing to consider limited financing to qualified buyers. Interested in learning more? For a complete presentation, please contact Sanjay Ahuja at 508.868.8189.

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Reason for Selling:


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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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