Business For Sale

Peabody Roast Beef & Pizza on Rt 1

Peabody, MA
Essex County

Rt 1 Southbound


Asking Price: Annual Revenue:
$150,000 $550,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Peabody Roast Beef & Pizza on Rt 1 Broker: Eric
Owner Financing is Available!
The owners will provide $100K of owner financing at 6% for 3 years

Quick Facts

Asking Price: $150,000
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 4
BBN Listing #: 545356379
Broker Reference #: EP 4444

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Business Overview:

TYPE OF BUSINESS: Roast Beef & Pizza

LOCATION: Peabody area Rte. 1

SELLING PRICE: $150K with $50K down

SALES VOLUME: strong $11K/wk % DELIVERY: 50%

LEASE: $2500/Includes NNN/ water & trash! Great deal for Rte.1 Nice deal!

SQUARE FOOTAGE: 1400 sf.

HOURS OF OPERATION: 6AM - 8 PM, 7 days...strong catering & pick-up in evening.

SEATING: 19 seats

COMMENTS: Excellent Pizza & Roast Beef store on Rte. 1 Southbound side for sale. This business has been in the same location for 25 years! Great rent and cost for Rte.1 Nice customer loyalty and goodwill. Very nice space and equipment. Water, trash and NNN are included in the rent. Clean as a whistle. Call Mr. Palmer @ 781-985-2151

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Property Features and Assets:

Located in a strip on Rt 1 Am side of the street... The equipment is good and the space is very nice. Needs a little paint in a few spots but very nice (see Pics)

Market Competition and Expansion:

Roast Beef & Pizza do have competition in general but there is always enough business for everyone. Sky's the limit in this location.

Reason for Selling:

Retiring

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.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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