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


Request More Information
Contact the Seller

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

Email, Print & Share

Request More Information
Contact the Seller


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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!