Opportunity - Restaurant / Functions
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $535000
Net Profit / Cash Flow $126300
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2012
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training As needed for a smooth transition.
Reason for Sale Personal and time constraints.
Description $ OPPORTUNITY - RESTAURANT/FUNCTIONS
ASKING PRICE REDUCED: $199,000
PRICE REDUCED, 300+ seats. Very classy restaurant, lounge and function facility. Over 20,000 sq/ft, very low rent equals great cash flow. This destination restaurant has built-in customer base. Ala carte dining - 125 seats and bar, function room - 175 seats and bar, casual club room with bar. Exquisite decor and furniture. SELLER IS VERY MOTIVATED!
Facilities:
This is a must see facility, which was completely renovated. Historic free standing structure with ample on premise parking in an urban setting. Old world woodwork and chandeliers combined with modern artistry create a comfortable yet elegant atmosphere. New POS and extensive security system.
Growth/Opportunity:
The seller has a full time career and cannot keep up with the growth in sales. The low rent means high profit margins. Advertising is minimal at present. This business needs a function coordinator. Potential sales in the millions with the right operator.
Click Here To Contact Seller
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