Turnkey-Immaculate-Restaurant/Bar/Patio

Not Disclosed, MA
Norfolk County

Greater Norfolk County Area


Asking Price: Annual Revenue:
$199,000 $900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Turnkey-Immaculate-Restaurant/Bar/Patio Broker: Bob Cioffi
Owner Financing is Available!
Some available for qualified buyer.

Quick Facts

Asking Price: $199,000
Annual Revenue: $900,000
Net Profit: Not Disclosed
Cash Flow: $95,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 14
BBN Listing #: 73219596
Broker Reference #: BC148

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Business Overview:

PRIME - TURNKEY-IMMACULATE RESTAURANT/BAR

TYPE OF BUSINESS: Popular Restaurant-Lounge
LOCATION: Greater Norfolk Area.

SELLING PRICE:199,000 Down Payment 125k- Owner financing /less for no financing.
SALES VOLUME: $15,000 per week. (pre Covid $19,000 per week.) (only open 4 days for dinner)-Wow!

LEASE: $4,500 mt (NNN included) Years left- 6 months + 5year extension) More available.
SQUARE FOOTAGE: Approx. 2,600 square feet.

HOURS OF OPERATION: Only open 4 days / Wednesday - Saturday 5-10 pm
SEATING: Inside 75/ bar seats 15…..Outside tent 40

COMMENTS: Prime Location, located in a “Hot” restaurant area with hundreds of new upscale condo’s & apartments within a stone throw of this immaculate restaurant/ walking distance to the commuter train. Owners have gone to great lengths to add a beautiful bar-comfortable dining room, outside patio and unique decorations. Located in a very affluent area, this spot cannot miss regardless of Covid. Open Sundays, Monday & Tuesdays. Offer delivery, add lottery, social media, this is a Hot spot, perfect for a chef owner/family to capitalize on big earnings. Closed all major holidays, there is so much potential here to increase hours and make big money as the sales are particularly good -only open 20 hours a week. Contact Bob.@ 781-820-9288/ BobCioffi14@gmail.com----What a opportunity!

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Property Features and Assets:

New outside patio/New Bar and Lounge/ Finely appointed dining room/Excellent location/ easy to operate/ excellent workable kitchen.

Market Competition and Expansion:

Nothing like this in the area./ Hundreds of new Condo's and apartments/ walking distance to Commuter rail/ Located in a Hot restaurant Area.

Reason for Selling:

Retiring

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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