Restaurant With Liquor & Real Estate
Location Massachusetts,United States
Asking Price Range $500K - $1.0M
Gross Revenues $360000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1979
Number of Employees 6 - 9
Inventory 50000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description Good opportunity, existing restaurant for sale with liquor license and real estate. This restaurant is located on a main street that runs through the middle of town.
The town is approximately five miles from boston. The current owners are retiring after being here for 40 years. This is a great opportunity for an operator that wants to own their space.
Facility: the restaurant space is approximately 2,500 square feet. It is comprised of a dinning room, kitchen and bathrooms. The dinning room is an open floor plan that allows for approximately 90 seats. There is a full basement that is currently used for storage.
Real estate: 7,876 square foot lot zoned mixed use in the business district. The structure is 6,312 square feet gross with 3,920 square feet of living area. There is a full service restaurant on the first floor with a liquor license and two one bedroom residential apartments above.
Bar only per the town.
Apartment rentals: the apartment rentals are generating $1,300 per month and the tenants are at will.
Reason for sale: the owner's are retiring.
Concept: the current concept is a full service restaurant and bakery.
Seating: there is seating for 90 persons in the dinning room.
Hours: open from 7:00 am- 8:30 pm.
Opportunity: this restaurant is loaded with opportunity, the business and property could be taken over as is or an operator could invest in the property. Sales could be grown quickly by opening for dinner and increasing alcohol sales.
Licenses: common Victualler, liquor license.
Sales: the sales are approximately $350,000 annually.
Price: the asking price for the business is $835,000.
For more information please email or call Corbett Restaurant group 617-948-3394.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
