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- RE: Restaurant With Property - Prime Location!
- Contact: Not Disclosed
Quick Facts
Asking Price: | $1,600,000 | |
Annual Revenue: | $2,147,975 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $336,846 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $1,200,000 | |
Year Established: | 1985 | |
Employees: | 30 | |
BBN Listing #: | 990602 | |
Broker Reference #: | 432 |
Business Overview:
Fantastic opportunity to own prime real estate and a profitable turnkey restaurant in a well-positioned, downtown location in Western MA. The Property is 4,698 +/- sf., which does not include the partially finished 1,832 +/- sf. basement. The business has demonstrated consistent and strong profitability throughout its 40-year operating history and enjoys a loyal following of multi-generational customers. The dining establishment has two full liquor licenses for both indoor and outdoor dining. The indoor dining capacity is 140. The seating capacity increases to 200+ during the warmer months when the outdoor dining area is in use. The restaurant is fully staffed with a seasoned executive chef and a well-established team, ensuring a seamless transition for new ownership.
Please Note: All information furnished is provided by seller or based on representations of the seller or other sources. Squizzero, Carp & Associates has made no investigation of it and makes no representation or warranty as to the accuracy of the Information. All recipients are encouraged to perform due diligence and consult with independent tax, financial and legal professionals.
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Property Features and Assets:
A roof inspection was conducted in 2024 along with the installation of new flashing. In 2022 updates to the patrons’ bathrooms and the installation of a new water heater were completed. There is a public parking lot adjacent to the property as well as public parking throughout the downtown area.
Market Competition and Expansion:
The restaurant generates consistent high sales serving only dinner with limited hours. To increase revenue ownership could expand the operating hours, add lunch service and offer takeout through Door Dash & Uber Eats. Also, the Real Estate offers potential for additional income. The second floor, pending city approval and permitting may be suitable for a commercial office space, 2-to-3-bedroom apartment, or AirBnb type rental.
Reason for Selling:
RetirementAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Massachusetts businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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