Restaurant With A+ Location
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $360000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1987
Number of Employees 6 - 9
Inventory 60000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Yes.
Reason for Sale Moving out West.
Description Restaurant for sale in downtown boston with very desirable location in a high profile and affluent neighborhood with a dense population of local residents, office workers and shoppers. This is a highly visible and accessible site with tremendous growth potential. The restaurant space is approximately 2,500 square feet with a 80 person seating capacity. The space consists of a dinning rooms, kitchen and bathrooms and a full basement. There is also outdoor seating.
Licenses: beer & wine, common Victualler.
Sales: the sales are approximately $630,000 annually.
Cash flow: $125,000 annually.
Rent: the rent approximately $84,000 annually.
Lease: the current lease has five (5) years remaining with one ten (10) year renewal option; however the landlord is most likely going to want to sign a new lease. The landlord is very easy to deal with.
Asking price: the asking price for the business is $400,000.
For more information please email or call Corbett Restaurant Group 617-948-3394.
Click Here To Contact Seller
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