Reading-Wilmington-Casual Restaurant with Liquor

Reading, MA
Middlesex County

Metro North

Asking Price: Annual Revenue:
$150,000 $720,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Reading-Wilmington-Casual Restaurant with Liquor Broker: Robert Cioffi
Owner Financing is Available!
$200,000 down - owner will finance the balance.

Quick Facts

Asking Price: $150,000
Annual Revenue: $720,000
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 22
BBN Listing #: 746619596
Broker Reference #: BC74

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Business Overview:

Reading-Wilmington area.
Selling Price: $150,,000 with $100,,00 down- Owner financing for qualified buyer. SBA funding available with 20% down.

Sales Volume: $11,000 per week; Delivery $30%

Lease: $7,800 per month gross- Years left: 6 years + 5 year options.

Square Footage: 5,000 square feet.

Hours of Operation 7 days 10AM -10PM

Seating : 100

Free standing with excellent equipment and furnishings Great tight cooking line, any ethnic will work here, known for it's seafood sales of 50% . Has rarely used Full liquor license makes this a great buy with huge upside, This restaurant needs a Sit down bar to capitalize on missing profits, customers are demanding one. Great also as a pizza style pub, shanty or deli with sandwiches, It will all work here.
Add lottery ( will make big bucks) push social media to enhance the sales and promotions. perfect for a Chef operator or a family, Time to take a look, "Why not You?" Contact Bob for a tour.
Non disclosure form required-excellent staff.

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Property Features and Assets:

Located on a busy State numbered road, easy access to rt 95 Free standing/Great visibility from all sides/great cooking line in excellent condition. Restaurant is clean and very easy to operate. Add a bar to make this a special place.

Market Competition and Expansion:

Plenty of room for any concept as the demographics are terrific. Real estate available from landlord.

Reason for Selling:

Other restaurant needs his full attention.

Additional Details:

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

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