NOT DISCLOSED, Massachusetts
| Asking Price |
$1,700,000 |
Year Established |
|
|
| Annual Revenue |
$3,400,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Todd Smith |
|
| Annual Cash Flow |
$205,000 |
Listing Number |
1017927 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
First-time offering of this established South Shore restaurant and bar in a vibrant, growing community. Approximately $2 million was invested in the buildout, offering a truly turnkey opportunity to continue the current concept or bring your own. The AAA location is just minutes from Route 3 with 150+ parking spaces. Current sales are approximately $3.4 million, with significant growth potential.
A favorable lease at approximately 5% of sales all-in, a popular 42-seat oval bar, and a vibrant weekend entertainment scene add to the appeal. Alcohol represents approximately 35% of sales. With a strong reputation, experienced staff and retiring owner, this is an excellent opportunity for an established operator or growing restaurant group.
SALES: $3.4MM - 2025
CASH FLOW: $205K
ASKING PRICE $1.7MM (for the business)
Property Features and Assets:
<p>Details:<br>PARKING: 150 plus private lot<br>EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality.<br>LEASE TERM: 20 years remaining on 30 year term<br>BASE RENT: $10,500 plus $3,500 NNN All in 168k —at current sales 5%<br>CONCEPT: American Bistro<br>SEATING: 208 (licensed for 250) 116 seats for lounge and dining, 42 stool oval bar<br>SIZE: 8,500 SF<br>HOURS: 6 days lunch and dinner (closed on Monday)<br>LICENSES: Full liquor license<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity