NOT DISCLOSED, Massachusetts
| Asking Price |
$395,000 |
Year Established |
1999 |
|
| Annual Revenue |
$1,500,000 |
Reason for Selling |
retiring |
|
| Annual P/L |
$0 |
Attention |
John Ruggieri |
|
| Annual Cash Flow |
$0 |
Listing Number |
1000043 |
|
| # of Employees |
10 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
SELLING PRICE: $395K DOWN PAYMENT: $125K
SALES VOLUME: $30K/wk. ($1.5M for 2024)
LEASE: VERY negotiable new lease available
SQUARE FOOTAGE: approx. 6,000 sf. footprint…. with full 4,000 pristine basement, fully useable.
HOURS OF OPERATION: 12AM to 12 AM (Fri & Sat,), Sun till 10 PM, Tues, Weds, Thurs. 4 to 10 PM., closed Mondays.
SEATING: 180 seats inside 40 outside patio Bldg. is fully sprinkled
REASON FOR SELLING: Retiring
COMMENTS: This is one of the finest restaurants on the North shore…top-shelf furniture, fixtures and kitchen equipment. Town sewerage. Excellent, long-term staff. HUGE parking lot. 30,000 cars per day pass by…HIGHLY VISIBLE. This is PERFECT dinner chain location whether Mexican, Brazilian, or Asian. With some decorative changes, this could be a sports bar. YOUR CASH INVESTMENT RETURNED IN 6 MONTHS!
Property Features and Assets:
<p>Beautiful restaurant and bar. The grounds are fantastic.</p><p>Tons of parking</p>
Market Competition and Expansion:
<p>Nothing like this in the area. This location could be just about any concept...</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity