Prime/Successful Restaurant & Bar – Gloucester

Gloucester, MA
Essex County

Asking Price: Annual Revenue:
$329,900 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Prime/Successful Restaurant & Bar – Gloucester Broker: Todd Smith

Quick Facts

Asking Price: $329,900
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 778424983
Broker Reference #: Not Disclosed

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Business Overview:

Located in booming historic downtown waterfront community with beautiful views of Cape Ann harbor. This busy restaurant offers excellent food, wonderful service and is loved by the locals – and a must visit for all tourists. Full bar and a warm ambiance serving freshest seafood and authentic Italian cuisine at reasonable prices. Attractive, turn-key, and lively vibe best describes this popular dining destination. This rare opportunity is hard to come by in the Gloucester market.

PARKING: Ample public parking
EQUIPMENT: The equipment is in good condition and has been well maintained
LEASE TERM:Seller/Owner will negotiate a new lease
BASE RENT: $5,000 per month plus NNN
CONCEPT: Seafood/Italian/American cuisine
SEATING: Capacity of 135 persons (17 seats at bar)
SIZE: 3,200 square feet
HOURS: Open from 11:00 AM – 10:00PM 7 days
LICENSES: Full Liquor License – value $130,000
SALES: $1.1M in 2018

ASKING PRICE: $329,900.00 (For the assets of the Business including the liquor license).

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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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