Successful Restaurant in Vibrant North Shore Town

Not Disclosed, MA
Essex County

Asking Price: Annual Revenue:
$380,000 $1,300,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Successful Restaurant in Vibrant North Shore Town Broker: Todd Smith

Quick Facts

Asking Price: $380,000
Annual Revenue: $1,300,000
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 #: 266924983
Broker Reference #: Not Disclosed

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Business Overview:

This high-profile location on Main Street in a desirable Northshore town has been the home of many different well-known bars and restaurants through the years. The current business has been here for 28 years and is well known by the locals as a place of community gathering. This A+ location enjoys excellent visibility and huge traffic counts. The restaurant enjoys a long history of success with a strong repeat clientele.

PARKING: Ample on street parking plus lots
EQUIPMENT: The equipment is in good condition and has been well maintained
LEASE TERM: 5-year lease with 3/5 options
BASE RENT: $5204 per month plus NNN
CONCEPT: Restaurant
SEATING: Capacity of 127 persons
SIZE: 6,580 square feet
HOURS: Open from 4:00 PM 7 days/week
LICENSES: Full Liquor and Entertainment License
SALES: $1.3M in 2019
ASKING PRICE: $380,000

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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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