Norfolk-Turnkey-Classic Pub & Restaurant

Norfolk, MA
Norfolk County

Downtown Bustling Area


Asking Price: Annual Revenue:
$295,000 $1,100,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Norfolk-Turnkey-Classic Pub & Restaurant Broker: Bob C Cioffi
Owner Financing is Available!
Yes for qualified buyer.

Quick Facts

Asking Price: $295,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 21
BBN Listing #: 196119596
Broker Reference #: BC

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Business Overview:

LOCATION: Franklin-Walpole…downtown; across from T-station

SELLING PRICE: $295,000 DOWN PAYMENT: only $100,000 cash required

SALES VOLUME: $20,000/week ( $1,200/year)

LEASE: $3,500/month + NNN (real estate is available…3 more units)

SQUARE FOOTAGE: 2,500 square feet (big, dry basement)

SEATING: (inside 85 seats…20 seat horseshoe bar) (patio: 30 seats)

COMMENTS: This is one of the best real Irish bars…great reputation, strong loyal clientele, and located in the center of town, across from an active T’ station, and loads of free parking. Known for its terrific bands on the weekends. Hundreds of new apartments being built in the area. NO COMPETITION!

NETS OVER $180,000/year. Only seasoned pub operators will be considered.

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Property Features and Assets:

Prime downtown location/Great horse shoe bar/ outside patio/ plenty of parking/ equipment in good condition.

Market Competition and Expansion:

There is nothing like this Talk of the Town bar that is even close to this/ Huge base to draw from, nearby college/ heavy electronic business area.

Reason for Selling:

Owner has other businesses.

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.

Documents:

Relevant Links:

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