Restaurant & Wine Bar. Retiring Business Owner
Not Disclosed, MA Middlesex County
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- RE: Restaurant & Wine Bar. Retiring Business Owner
- Contact: Veronica Arevalo
Quick Facts
| Asking Price: | $449,000 | |
| Annual Revenue: | $932,291 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $130,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $106,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 989219 | |
| Broker Reference #: | 80041-785497 |
Business Overview:
20+ year old Restaurant with Beer & Wine license.
Hours
Tue-Thur Dinner Hrs
Fri-Sat Lunch/Dinner
Sunday Lunch/Dinner
Employees- 8
Longest tenured employee- Full time cook of 17 yrs
Restaurant seats up to 66 guests
Outdoor patio seats up to 36 guests
Sq footage- 2,470+ (Under $30/sq ft)
Basement storage space
Lease through Sept 2027. Landlord is aware of ownership transfer.
Rent $5700/mo
Owner performs admin tasks such as payroll, inventory and ordering
Low turnover but plenty of job inquires in this busy part of the city!
No renovations needed.
Contact the Seller:
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Property Features and Assets:
Monthly Rent: $5,251.00
Square Units (Foot, Meter): 2,470
Lease Expiration Date: January 1, 2027, 9:00:00 AM
Terms Options: options
Reason for Selling:
Moving. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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