S.Shore Key landmark Restaurant/bar/function Room

Abington, MA
Plymouth County

Greater South Shore


Asking Price: Annual Revenue:
$340,000 $925,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: S.Shore Key landmark Restaurant/bar/function Room Broker: Bob Cioffi
Owner Financing is Available!
Yes . somewhat limited for qualified buyer.

Quick Facts

Asking Price: $340,000
Annual Revenue: $925,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 22
BBN Listing #: 828919596
Broker Reference #: BC1115

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Business Overview:

Greater Weymouth-Abington
Turn Key landmark Restaurant /Bar/Function Room w/ option on Real Estate.
SELLING PRICE: $340,000...with..$150,000 down-Owner Financing
SALES VOLUME: $18,000 - $19,000 per week
LEASE: $4,125 (NNN included) only 5% of sales...New Lease available plus Real Estate option.
SQUARE FOOTAGE: 5,000 square feet..( has upstairs function room /seats 80 with bar
HOURS OF OPERATION: 7 days..Monday - Thursday 4pm-1am/ Friday & Saturday 11am (brunch -11pm/Sunday 11am-9pm
SEATING: (inside 90) bar seats 24....Function room 80 seats,
COMMENTS:

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Property Features and Assets:

Attractive Free Standing with parking. Excellent condition, Many sources of income/ Nice cozy bar, well laid out..The :Cheers of the south shore "

Market Competition and Expansion:

Somewhat limited in this area, this restaurant has been so unique for the past 20 years, Easy to expand business services, lottery does 47k per year, great sports bar/catering, delivery and functions. Multiple sources of income.

Reason for Selling:

Owner has other interests.

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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