MARLBOROUGH, Massachusetts
| Asking Price |
$395,000 |
Year Established |
1984 |
|
| Annual Revenue |
$1,250,000 |
Reason for Selling |
Owner redeveloping a huge project. |
|
| Annual P/L |
|
Attention |
Bob Cioffi |
|
| Annual Cash Flow |
|
Listing Number |
980641 |
|
| # of Employees |
22 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
MARLBORO Area
SELLING PRICE: $395K …no seller financing
SALES VOLUME:Averaging around $1.2M/yr or around $25K/wk.
SQUARE FOOTAGE: 3,800sf.
HOURS OF OPERATION: 7 days, 7 am – 9 pm (Sundays till 3 pm)
SEATING:96 inside38 on left side patio, 76 on right side patio overlooking lake
REASON FOR SELLING: redeveloping a huge project
COMMENTS: Owner in the process of building an approved outside bar on left patio.
Seller spending over a million dollars to expand the property and open access to the lake.
This restaurant is renowned for its breakfasts for over 40 years. Fabulous opportunity for expanding lunch & dinner, this lake location is rare indeed. Full liquor license and bar.
The name doesn’t go with the sale but can be used for a while.
FIRST TIME OFFERED!
Property Features and Assets:
<p>Free standing, plenty of parking, high visibility, very busy state road., located on popular lake. Turnkey, big kitchen, 40yrs in business, 3 shifts, easily can cut down or change concept. Lots of industry for increase sales and town population of 80k plus and growing.</p>
Market Competition and Expansion:
<p>There is nothing like this anywhere. soon to have renovated lake views, upgraded patios (2) walkway and pleasant atmosphere.Rare indeed.</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 a franchise resale opportunity