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  • RE:  Popular Tavern South Of Boston
  • Contact:  Todd Smith

Quick Facts

Asking Price: $1,495,000
Annual Revenue: $4,000,000
Net Profit: Not Disclosed
Cash Flow: $415,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 1009293
Broker Reference #: Not Disclosed

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Business Overview:

First time offering of this turn key fan favorite restaurant and bar that has been a staple in this community for 15 years. There are many gems here but two stand out- plenty of parking and how it is located. It is on a numbered highway, across the street of very busy major grocery store, traffic lights are out front (slows traffic /great visibility for the restaurant) and only 3 minutes from a major route. AAA location! It enjoys an excellent reputation as the place to go for all age groups. The bar is very popular for chat/friendship and Keno. Last year the commission was $65,000. That’s excellent which shows a busy place. The cozy function room is ideal for business and family gatherings.

$400,000 was spent in 2020 on a refresh. The owner is always focused on keeping the general condition of the restaurant as new! This contributes to its warmth and charm.

Sales are very consistent. Bring your marketing plan/ideas and increase sales from 4.3MM to 5 MM. This is a perfect opportunity for a seasoned operator or an established group to expand their brand. This an SBA bankable deal. The owner will assist in a smooth transition backed by a committed well trained staff many of which are long term veterans. They are an important part of this restaurants success and await your new ideas and leadership.

Contact the Seller:

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Property Features and Assets:

Large parking lot - plenty of parking

Reason for Selling:

Kindly ask the seller for more information.

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

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