Business For Sale

Peabody-Salem- Breakfast-Lunch $22K/wk

Peabody, MA
Essex County


Asking Price: Annual Revenue:
$499,000 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Peabody-Salem- Breakfast-Lunch $22K/wk Broker: MARIE
Owner Financing is Available!

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,100,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 203919596
Broker Reference #: MF111

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Business Overview:

Well Loved Restaurant, Unique in Area, Anchor Location in Peabody-Salem area/Municipal Parking Lot nearby.

SELLING PRICE: $499,000 May be NEGOTIABLE w more cash!
SALES VOLUME: Strong $20,000 - $22,000/week % DELIVERY: 10-15%

LEASE: $5,700/mo gross (Low Rent only 6% of sales) YRS. LEFT: 10+5+5

SQUARE FOOTAGE: 3,900 square feet + 4,000 square feet in clean, dry basement.

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

SEATING: 99 seats

COMMENTS: Bldg. is fully sprinkled. Large municipal pk'g lot next door. This is a beautiful place with long successful history. Fully renovated 3 yrs. ago...everything is 'NEW". Huge basement with 2 walk-ins and loads of storage space. They have an excellent catering business that you'll inherit for even more sales and profit.

NETTING OVER $200,000 PER YEAR!
Contact MARIE at ellesell3@gmail.com or 978-902-0350
or CHUCK at cwrollins01@gmail.com or 978-317-2943
.

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Property Features and Assets:

3,900 square feet with a 4,000 square feet basement Two big walk-ins in the basement. All new equipment.

Market Competition and Expansion:

Minimal competition. Unique style! Very Confidential Listing.

Reason for Selling:

Health issues.

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:

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