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RE:  Established, Profitable Restaurant West Of Boston Contact:  Todd Smith

Quick Facts

Asking Price: $850,000
Annual Revenue: $1,900,000
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 #: 453924983
Broker Reference #: Not Disclosed

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Business Overview:

Enjoy the freshly made, home-style meals at this gem with strong repeat clientele. With a commitment to providing outstanding service and great food, you can be sure that you'll never be disappointed. This restaurant has maintained the high standards that the business was built on, and with a refreshed menu, continues to make their own soups and sauces, as well as cut steaks. Come in and enjoy casual atmosphere, plentiful portions, and most importantly, fantastic food. Full bar and a warm ambiance serving freshest steak, seafood and authentic Italian cuisine at reasonable prices. Attractive, turn-key, and lively vibe best describes this popular dining destination. This rare opportunity is hard to come by in this market.

PARKING: Huge parking lot
EQUIPMENT: The equipment is in good condition and has been well maintained
LEASE TERM: 10-year lease with one 5-year option (4 years remaining)
BASE RENT: $8,300 NNN ($11,200 per month)
CONCEPT: American cuisine
SEATING: 135 persons (40 at bar)
SIZE: 4,000 square feet
HOURS: Open from 11:30 AM – close (12.00AM) 6 days, closed Monday
LICENSES: Full Liquor License
SALES: $1.9M in 2018
ASKING PRICE: $850,000 (For the Assets of the Business)

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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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