Gloucester Waterfront Pub

Gloucester, MA
Essex County

waterfront


Asking Price: Annual Revenue:
$195,000 $1,000,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Gloucester Waterfront Pub Broker: DENNIS J SERPONE
Owner Financing is Available!
$95,000 for 3 years at 6%

Quick Facts

Asking Price: $195,000
Annual Revenue: $1,000,000
Net Profit: $150,000
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 #: 132319596
Broker Reference #: DS0234

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Business Overview:

Seasonal tourist area PUB-TAVERN-RESTAURANT

WATERFRONT, NORTH SHORE, Rte. 128

SELLING PRICE: Cheap at $195,000 DOWN PAYMENT: $100,000

SALES VOLUME: When it closed for the season, it was averaging $25,000 - $30,000/week
LEASE: $3,500/month + $1,200/month for NNN
SQUARE FOOTAGE: 3,500 square feet plus full dry basement
SEATING: (inside 100 seats) (outside 28 seats)
REASON FOR SELLING: His chef and partner died. Feels that he can’t handle it with his limited restaurant experience.

COMMENTS: This is one of the nicest facilities that I’ve ever seen…loaded with some of the best equipment, excellent lay out for easy cooking, prepping, and serving. Large parking lot with thousands of cars going by every day. No deferred maintenance. Buyer can obtain a year-round liquor license. Properly operated, this business should easily do $40,000/week.

If you take the time to see this, you’ll buy it. The season is here. Don’t delay.

Contact Dennis
Contact John.

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Property Features and Assets:

Free standing building with huge parking lot on the water.

Market Competition and Expansion:

Minimal

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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