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Quick Facts
Asking Price: | $295,000 | |
Annual Revenue: | $1,200,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $175,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 781619596 | |
Broker Reference #: | AD001 |
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Business Overview:
RARE OPPORTUNITY TO BUY BUSINESS AND REAL ESTATE at FMV
Groton area…heavily traveled main road. ~~Italian Restaurant with active bar and REAL ESTATE (free-standing bldg. with parking)
SELLING PRICE: $295,000 Fair Market Value for the real estate. SBA financing readily available and seller financing available for the right buyer.
SALES VOLUME: Strong $20,000 per week
SQUARE FOOTAGE: building footprint is approximately 2,500 square feet with a large 2nd floor of storage, prepping, and office.
HOURS OF OPERATION: 7days; mostly 4 pm – 9 pm, weekends Noon – 9 pm
SEATING: 60 inside 20 outside
REASON FOR SELLING: overwhelmed managing 3 other restaurants and a B&B
COMMENTS: No competition & no problem with staffing and with the real estate being available, this could be your next home. Town sewerage. ABSENTEE OWNER. If you’re credit-worthy and ready to be the master of your own place…
Anthony 'Tony' D'Antonio 781-475-0778 or email ajdantonio3@gmail.com
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Property Features and Assets:
Free standing building with great parking availability and outside dinning area. Prep area for catering on the second floor with office.
Market Competition and Expansion:
No competition in close proximity. Business expansion possibilities with hands on management.
Reason for Selling:
Managing 3 other restaurants.
Additional Details:
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