Gorgeous Prime Restaurant & Bar – Salem MA

Salem, MA
Essex County

Asking Price: Annual Revenue:
$399,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Gorgeous Prime Restaurant & Bar – Salem MA Broker: Todd Smith

Quick Facts

Asking Price: $399,000
Annual Revenue: $2,000,000
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 #: 692524983
Broker Reference #: Not Disclosed

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Business Overview:

Like-new facility with top notch design, build-out and equipment package. Located in booming historic downtown neighborhood in the heart of the action. Modern, upscale with NY Style patio seating and stunning build-out. Attractive, turn-key, and much sought after community.

New hotel opening just behind this amazing location with 120 rooms, this spring. Within minutes of the waterfront and Salem State University with over 5,000 students.

Gems like this are not often available. The seller is motivated and wants to see offers. Seller financing may be available to qualified buyers.

PARKING: Ample public parking
EQUIPMENT: The equipment is brand new
LEASE TERM: NEW written for buyer
BASE RENT: $8,300 per month includes NNN
CONCEPT: Suitable for any concept
SEATING: Capacity of 115 persons inside plus 50 in patio
SIZE: 5,000 square feet
HOURS: Currently closed
LICENSES: Full Liquor License – value 100K plus entertainment license
SALES: Historically 2M annually
ASKING PRICE: $399,000.00 (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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