Business For Sale

NANTASKET Waterfront Restaurant/Bar/Functions

Hull, MA
Plymouth County

Nantasket beach-Hull


Asking Price: Annual Revenue:
$400,000 $1,200,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: NANTASKET Waterfront Restaurant/Bar/Functions Broker: Bob Cioffi
Owner Financing is Available!
$150K cash req'd-Based on strength on buyer.

Quick Facts

Asking Price: $400,000
Annual Revenue: $1,200,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: Not Disclosed
BBN Listing #: 93319596
Broker Reference #: DS25

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Business Overview:

RARE-PRIME NANTASKET BEACH, Waterfront Location. big 2ND FLR. deck, Patio/3 Bars-Wow
RESTAURANT-NIGHTCLUB and FUNCTIONS , is all here.
SELLING PRICE:$400,000- WITH ONLY $150k CASH REQ'D...REAL ESTATE available on option basis with SBA financing readily available.
(Priced right, assessed at 1.2 Million
.
SALES VOLUME: $1.2 Million ( open year round)
HOURS : 11AM-1PM- 7 Days In Season.
SEATING ( inside 200 Seats).....outside Patio 200 Seats.
SQUARE FOOTAGE: 8,000 square feet blueprint, 2.5 floors w/ elevator & 2 kitchens.
COMMENTS: The biggest waterfront mixed use watering with tremendous upside...municipal parking next door
3 Bars, popular local bands, 55% of sales is food.
If you have the right management team & $150k down payment, this could be yours.
See it now, but it tomorrow, get ready for the next BUSY spring & summer season.
Owners have been in retirement mode for years.
Here the opportunity passes to you to get a TOP Waterfront location in a Sizzling area.
Lots of new Apartments & Condo's, opportunity down the road to convert to anything or just great as is..
Gross sales were topping 2.6 million several years ago before owners backed off to retire,
You;ll see the tremdious value when you walk through and feat your eyes,
Contact Bob Cioffi @ Bobcioffi14@gmail.com/ mobile 781-820-9288 or Dserpone@comcast.net.
"WHY NOT YOU !"

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Property Features and Assets:

Prime Location on BEACH 3 Bars/ Function Room/ The Best outside patio in the entire area. Across from the beach Municipal Parking. Can be converted to anything od just perfect the way it is. Has elevator for function room/ 2.5 floors/ 2 kitchens.

Market Competition and Expansion:

nothing like this location and opportunity. " YOUR SHIP HAS DEFINITELY COME IN!)

Reason for Selling:

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:

Relevant Links:

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