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EXCEPTIONALLY RARE OPPORTUNITY TO BUY A MAJOR FUNCTION FACILITY, WITH A RESTAURANT & LOUNGE …AND THE REAL ESTATELOCATION: North Shore…long highway frontage…4 acres with town sewerageASKING PRICE: $9M for the business w/net income over $2 MILLION/yr. The real estate was recently appraised for $4.5M. SBA and some seller financing is available for a seasoned operator who is creditworthy. SALES VOLUME IS CONSISTENTLY WELL OVER $3 MILLION PER YEARNet Profit is approximately $2M/yr. (seller pays himself $500,000/yr. for rent!)Buy the package for approximately $9M for business and real estate.SQUARE FOOTAGE of the Bldg.: 18,000 sf. on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.SEATING: (inside about 600 seats) (outside 500 - 800 seats)REASON FOR SELLING: Time to retire.COMMENTS: If you’re in the restaurant/function business and feel it’s time to expand to another level, this is the place. Pristine property, huge reputation, and incredibly loyal repeat customers. Strong, experienced staff will stay. See it…make an offer.There’s a huge pent-up demand for function, entertainment, and dining. This place has it all!
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