Landmark Seafood Restaurant w/Retail Store.

Danvers, MA
Essex County

N.Shore-Famous Restaurant$ Fish Market.


Asking Price: Annual Revenue:
$300,000 Not Disclosed

Food & Beverage: Miscellaneous


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RE: Landmark Seafood Restaurant w/Retail Store. Broker: Bob Cioffi
Owner Financing is Available!
For an experienced Qualified Buyer.

Quick Facts

Asking Price: $300,000
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: 1980
Employees: 30
BBN Listing #: 571119596
Broker Reference #: BC96

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Business Overview:

Full Service-Free Standing-High Profile Location On Major Hwy on North Shore.
Landmark Seafood Restaurant & Retail Fish market.
Price : $300,000 with owner financing for a experienced operator./Option on Real Estate.( Very inexpensive for 2 businesses)
CAN PURCHASE RESTAURANT FOR 200k W/100K DN.W/OPTION ON RETAIL MARKET.
Has Beer & Wine License
Lease: $10,000 per month.for both businesses.
Square Footage::Rest & Fish market 3,000 square feet each./ Separate Entrances,
Hours:
Both 7 days-Rest till 9pm/Fish market till 6pm.
Seating: 75 inside-12 seasonal seat outside.

Rare opportunity to buy 2 Successful Operations.
Retail has valuable Shellfish License to keep your food costs LOW and sell to the Public & Other Restaurants./Multiple Sources of Income.
New HVAC units (2) Renovated bathrooms, Kitchen ( some new equipment) Flooring and soft aesthetics.
Newts over $200,000 / This Will not last at this Price, NOTHING LIKE THIS AROUND.

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Property Features and Assets:

Free standing Major North Shore Highway with Excellent Visibility and Parking. Separate entrance for Retail Fish Market and Restaurant/ Fast Take out/Pick up section. Established in 1980 New HVAC units (2) renovated Bathrooms. added new equipment to kitchen, New flooring in Dining room and great aesthetics.

Market Competition and Expansion:

There is nothing like this around. Very Profitable Seafood Restaurant & Retail Fish Market, Can sell to other restaurants and general public as it has a valuable SHELLFISH License o buy directly from the Docks and Fishing Boats.

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is owned.
  • 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:

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