Description Restaurant with more than 20 years of successful operation South of Boston. This highly visible location is in the center of town and has been recently renovated. The current owner is absentee and is expanding his other concept and does not have time to focus on this. Sales and profitability could be grown by an owner that is working in the business. This is ideal for an Owner/Operator. The Seller is motivated and is willing to offer financing with $100,000 down.
FACILITY: The space is approximately 3,000 square feet with a 90 person seating capacity.
PARKING: On-street and public lots (dedicated parking for the owners)
EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.
LEASE TERM: 5 Year Lease with options available
BASE RENT: $8,000/per month
CONCEPT: Full Service Restaurant
SEATS: Seating for 90 patrons
HOURS: 11:30 AM - 10:00 PM
LICENSES: Full Liquor License
SALES: $1,500,000
CASH FLOW: $150,000
ASKING PRICE: $297,000 (For the Business) - $100,000 down payment required