Hanover Area-Landmark Restaurant with Real Estate

Hanover, MA
Plymouth County

Greater Hanover area-South Shore

Asking Price: Annual Revenue:
$1,400,000 $1,450,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Hanover Area-Landmark Restaurant with Real Estate Broker: Bob Cioffi
Owner Financing is Available!
Some owner financing may be available for qualified buyer.

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $1,450,000
Net Profit: Not Disclosed
Cash Flow: $275,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 25
BBN Listing #: 861819596
Broker Reference #: BC110

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Business Overview:

Landmark Profitable Restaurant w/Real Estate.True Turn Key!
Makes $300,000 with rental income and house, Motivated owner.
LOCATION:Greater Hanover Area
SELLING PRICE: $395,000 For Restaurant/ Real Estate with house 1 million
SALES VOLUME:1,450,000
LEASE: $9,973 (NNN INCLUDED) Less than 5% of sales...WOW!
SQUARE FOOTAGE: 7,200 square feet.
HOURS OF OPERATION: Tuesday - Thursday 11-am-9pm/weekends till 10pm/Sundays 9pm-Closed Mondays.
SEATING: Inside 174 Patio 40
COMMENTS:Well known Landmark.Prime Location, very profitable restaurant with cozy functions rooms and a comfortable dining room.
Great expanded Bar, small rooms for private occasions to compliment their modern dining room.
Owner just spent $60,000 with a fresh new look, Spectacular.Has 2 cooking lines, can handle lots of volume. Real Estate is available plus 2 Apartments for debt service at Fair market value. Has Multiple sources of income, major state road and high visibility. Been a successful Restaurant for 35 plus years. Open Mondays, add Keno and increase catering.
Contact Bob or email us. NDA required. One of the Best Locations!

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Property Features and Assets:

Has adjoining house with 2 apartments for debt service ($2,000 per month) Small rooms for intimate gatherings, well laid out, freshly renovated to a modern feel. Outside patio and cozy bar.

Market Competition and Expansion:

Nothing quite like this landmark can match the service, food or atmosphere.

Reason for Selling:

Owner has other interests.

Additional Details:

  • The property is owned.
  • The owner is not 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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