Greater SEEKONK-Turnkey Italian Rest/functions-Bar
New Bedford, MA Bristol County
Metro Area/State Road.
Seller's Contact Information
- RE: Greater SEEKONK-Turnkey Italian Rest/functions-Bar
- Contact: Bob C
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $175,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | 16 | |
| BBN Listing #: | 885019596 | |
| Broker Reference #: | BC21 |
Business Overview:
TYPE OF BUSINESS: Gorgeous-Turnkey Italian Restaurant/Lounge/Functions.
LOCATION: Greater Freetown & Dighton Area
SELLING PRICE: 325,000…. Dn. Payment…$150,000 - $200,000 / owner will sell for less with no financing; to be negotiated. Seller financing is available for qualified buyers.
SALES VOLUME: 22,000 to 25,000 strong.
LEASE: $ 5,200 all in/ Years. Left: 4 2/ 5 year. extensions.
SQUARE FOOTAGE: approximately 5,200 square feet.
HOURS OF OPERATION: 7 days, 11.30am- till 9pm.
SEATING: 140……Gorgeous bar 35
COMMENTS: This Restaurant has it all. Ambiance, great food & service, attention to detail, hard to find today. (Ask about his low operating expenses) Has Huge kitchen (only uses a portion) Equipped to do any size function and comfortable dining with a bustling bar. Has several function rooms, known for their superior service and excellence over their busy booked functions & dining. There is a lot to like & talk about this Turnkey gem that needs to be seen to really appreciate. Close to hotels, on a well-traveled state road. Plenty of parking. Owners work at the restaurant, labor and food cost is well managed. Makes $300k a year. Advertise- push the functions more(40% bottom line), many bereavements & functions weekly to add to the great dining room sales. easy to dramatically increase sales, Owners are retiring, its grandkids time. Perfect for a family or chef-owners dream. This is a serious money maker. NDA required.
Contact Bob. Priced to sell, Hurry. Please use reply to this ad button to contact us.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Free standing, located on main state road, plenty of parking. Fully equipped-Immaculate, does not need a thing. True Turnkey if there ever was one.
Market Competition and Expansion:
Absolutely nothing like this around. Has it all, a chef-owners dream. Got to see to really appreciate this Gem.
Reason for Selling:
Retiring-Grandkids time.
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
Documents:
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $250,000EDIBLE ARRANGEMENTS FRANCHISE
13 years of operation, the only Edible location servicing Cape Cod. Located in busy commercial shopping plaza including restaurants, movie theater, Fitness and daycare operations.
Asking Price: $98,000Pizza Burger Fry Fast Food - Near High School
Located in a shopping center on two major streets near a famous high school, this pizza, burgers, fries, and onion ring shop boasts a very upgraded kitchen and has the capability to change its menu to that of an Asian fast-food restaurant. Additionally, it offers ample parking.
Asking Price: $699,000Nationally Known Fruit Basket Gift Franchise
Two central NJ locations, 25 minutes from each other. Owner is completely absentee and has a manager. This is a great owner/operator opportunity and plenty of room for growth! Seller can prove all financials. Franchise royalty 5% 3.5 marketing.
