Business For Sale

Reading Landmark Italian Restaurant $150k

Reading, MA
Middlesex County

READING-Prime area -Downtown Location


Asking Price: Annual Revenue:
$150,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Reading Landmark Italian Restaurant $150k Broker: MARIE FEUDO
License #: B70243
Owner Financing is Available!
60% down.

Quick Facts

Asking Price: $150,000
Annual Revenue: $500,000
Net Profit: $110,000
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 443219596
Broker Reference #: MFCR

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Business Overview:

Profitable Restaurant /High Visibility/Short Hours

TYPE OF BUSINESS: Landmark ITALIAN RESTAURANT & CATERING

LOCATION: Reading, in town, parking lots nearby, street parking
SELLING PRICE: $150,000
Priced to sell! 60% down
SALES VOLUME: Average $9,500 PER week. Restaurant/Catering Sales
and open only 5 hours per day

LEASE: $2625. NNN ave. $400.
Rent only 7%-8% of sales!
YRS. LEFT: 3 years + 5 year option

SQUARE FOOTAGE: Approximately 1,500 square feet.
HOURS OF OPERATION: 6 days...5-10 pm (Tuesday-Sunday)
SEATING: 45 seats

COMMENTS:
Highly visible location with a FULL LIQUOR LICENSE! SHORT HOURS! Turn Key!
Plenty of room for more growth. Huge, loyal customer base! FRESH everything. Reasonable prices for superior products. Handicapped accessible bathroom. Parking lots nearby as well as street parking. $20,000 recently spent on updating, including new floors. Buyer MUST fill out an NDA before seeing location.

Call or email or text : Chuck Rollins or Marie Feudo 978-902-0350

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

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Property Features and Assets:

Property is located on a busy main street. Restaurant recently updated and kitchen equipment in very good condition.

Market Competition and Expansion:

Catering part of business was added in the last year and is growing, plenty of upside still.

Reason for Selling:

Consolidation.

Additional Details:

  • The property is leased.
  • The owner is 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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