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).

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.

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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