NOT DISCLOSED, Massachusetts
| Asking Price |
$1,495,000 |
Year Established |
|
|
| Annual Revenue |
$4,000,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Todd Smith |
|
| Annual Cash Flow |
$415,000 |
Listing Number |
1009293 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
First time offering of this turn key fan favorite restaurant and bar that has been a staple in this community for 15 years. There are many gems here but two stand out- plenty of parking and how it is located. It is on a numbered highway, across the street of very busy major grocery store, traffic lights are out front (slows traffic /great visibility for the restaurant) and only 3 minutes from a major route. AAA location! It enjoys an excellent reputation as the place to go for all age groups. The bar is very popular for chat/friendship and Keno. Last year the commission was $65,000. That’s excellent which shows a busy place. The cozy function room is ideal for business and family gatherings.
$400,000 was spent in 2020 on a refresh. The owner is always focused on keeping the general condition of the restaurant as new! This contributes to its warmth and charm.
Sales are very consistent. Bring your marketing plan/ideas and increase sales from 4.3MM to 5 MM. This is a perfect opportunity for a seasoned operator or an established group to expand their brand. This an SBA bankable deal. The owner will assist in a smooth transition backed by a committed well trained staff many of which are long term veterans. They are an important part of this restaurants success and await your new ideas and leadership.
Property Features and Assets:
<p>Large parking lot - plenty of parking</p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity