Salem - Beverly Fast, Casual Restaurant

Salem, MA Essex County

In the Heart of Salem, MA

Asking Price: $120,000

Annual Revenue: Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Salem - Beverly Fast, Casual Restaurant
Contact: Betsy Masucci

Quick Facts

	Asking Price:	$120,000
	Annual Revenue:	Not Disclosed
	Net Profit:	Not Disclosed
	Cash Flow:	Not Disclosed
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	Not Disclosed
	Year Established:	2011
	Employees:	4
	BBN Listing #:	305319596
	Broker Reference #:	EM 432

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Business Overview:

SELLING PRICE: $120,000 DOWN PAYMENT: $50,000.
MOTIVATED SELLER who is willing to work with a qualified
buyer.
SALES VOLUME: approximately $6,500/week
LEASE: $2,825 including NNN Years LEFT: 5 years
SQUARE FOOTAGE: 1,200 square feet
HOURS OF OPERATIONS: 7-days, mostly 11 AM - 4 PM
SEATING: Inside: Counter Service Outside Seating: 12-15 (May - November)
COMMENTS:
Great location along busy street. Established 12 years ago. Presently chef-owner. Known for its gourmet hot dog offerings. Hot dogs are the primary menu but other dishes can be added. Most of the equipment is less than five years old. Great starter business or an addition to an already working restaurant. Good size kitchen and extra storage in basement. Low food cost…high profit. This is a great opportunity for family. NDA required to tour this awesome opportunity.

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Property Features and Assets:

Take out, Counter service, seasonal seating outside, (May - November) Great location on busy downtown street.

Market Competition and Expansion:

No competition nearby.

Reason for Selling:

Ready To Move To Larger Location.

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

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