Established Restaurant For Lease
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $300000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training No.
Reason for Sale The landlord needs a new tenant.
Description Established restaurant for sale with tons of potential. There is a lot of value in the space as a restaurant which can be easily converted to fit any concept. The restaurant was only open for dinner and does not deliver. Sales could be grown quickly by opening for lunch and delivering. The restaurant is fully equipped and in turnkey condition. There is a lot of low hanging fruit here, perfect opportunity for a first time buyer or an owner/operator. The $16,932 is first months rent, last months rent and one month security deposit.
Facility: this storefront location is approximately 1,800 sf. And consists of a full service large kitchen, dinning room and bathrooms.
Condition: the restaurant is in good condition and the equipment is a good quality and has been well maintained.
Parking: street parking.
Seating: there is seating for 50 patrons inside.
Hours: 5:00 pm - 9:30 pm.
Licenses: beer & wine and common Victullars.
Sales: approximately $300,000 per year.
Rent: $5,644 per month that includes nnn.
Lease term: eight (8) years remaining on the lease. The landlord may be willing to extend or add options.
Reason for sale: divorce.
Asking price: $120,000 or best offer.
For more information please email or call Corbett Restaurant group 617-948-3394.
Click Here To Contact Seller
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