Leominster Area - POPULAR RESTAURANT-BAR &REAL EST

Leominster, MA
Worcester County

numbered route


Asking Price: Annual Revenue:
$595,000 $1,800,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Leominster Area - POPULAR RESTAURANT-BAR &REAL EST Broker: Dennis Serpone
Owner Financing is Available!
Owner will consider seller financing especially for property purchase which is available at fair market value as determined by a third-party real estate appraisal.

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,800,000
Net Profit: $320,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1934
Employees: 30
BBN Listing #: 669319596
Broker Reference #: Not Disclosed

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Business Overview:

Leominster area RESTAURANT , BAR, and HUGE PARKING LOT. Recently remodeled, beautiful dining/function rooms accommodate 200 guests. Soak up the atmosphere in the authentic large New England style tavern or relax on the covered outdoor terrace. Restaurant food and beverage selections will appeal to discerning guests for fine dining or a quick pint of draft beer from the 32 craft beer delivery system in popular pub. Catering and delivery service in place. Two HUGE parking lots and separate office space available. Located on extremely high-volume traffic roadway and only blocks away from major university! NETS OVER $300,000/Year.

TYPE OF BUSINESS: Full-Service Restaurant and Tavern

BUSINESS ONLY~~SELLING PRICE: $595K SELLER FINANCING:Yes

PROPERTY AVAILABLE AT FAIR MARKET VALUE!

SALES VOLUME: $35K\WK LEASE: $7500...only 5% of sales

SQUARE FOOTAGE: 6500 ft.²

HOURS OF OPERATION: 11:30 AM – 12 PM Most Days

SEATING: (inside 250 seats) (outside 30 seats on patio)

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Property Features and Assets:

Restaurant set up is a winner! Extremely large dining room (recently remodeled) is absolutely beautiful. With attached bar and covered patio. This leads into a second tavern area which favors a more casual dining experience. Two extremely large parking lots service this establishment providing an overabundance of parking for hungry customers. Restaurant is conveniently located within walking distance of major Massachusetts University.

Market Competition and Expansion:

This restaurant is a must see opportunity. A once-in-a-lifetime chance to own a piece of Massachusetts history which has been running successfully since the end of prohibition. This restaurant is geared up and operational for catering. Company branded van is also available for purchase.

Reason for Selling:

Retirement after 25 years of successful operation!

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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