Seasonal, Waterfront/Successful Restaurant & Bar

Gloucester, MA
Essex County

Asking Price: Annual Revenue:
$620,000 $1,800,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Seasonal, Waterfront/Successful Restaurant & Bar Broker: Todd Smith

Quick Facts

Asking Price: $620,000
Annual Revenue: $1,800,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 827624983
Broker Reference #: Not Disclosed

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Business Overview:

Attractive rent and lease terms, located in booming waterfront community with breathtaking views of Cape Ann harbor. Voted best seafood and clam chowder, this busy seasonal restaurant offers excellent food, wonderful service and is loved by the locals – and a must visit for all tourists. Magnificent deck and dockside dining areas allow patrons to dine alongside the inner harbor and watch the fishermen unload their daily catch. The outside dining/bar area is a favorite on a sunny day. Featuring nightly entertainment throughout the season spotlighting local and vocal and instrumental talent. Attractive, turn-key, and lively vibe best describes this popular dining destination. This rare opportunity is hard to come by in the Gloucester market.

PARKING: Huge parking lot
EQUIPMENT: The equipment is in good condition and has been well maintained
LEASE TERM: 5 years with 3/5 options (13 years remaining)
BASE RENT: $4,275 per month
CONCEPT: Seafood/American cuisine
SEATING: Capacity of 411 persons includes bar, dining, deck and sun room areas
SIZE: 5,500 square feet inside, 2,400 square feet outside deck & bar
HOURS: Open from 11:00 AM – close, 6 days April – Oct
LICENSES: Seasonal Liquor License
SALES: $1.8M gross sales in 2019
ASKING PRICE: $620,000 (For the Business)

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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.

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