American Style Bistro & Lounge
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $275000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 6 - 9
Inventory 150000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Training will be provided.
Reason for Sale Owners are not industry people.
Description Great opportunity to make significant gains with this American Style Bistro & Lounge for sale. The facility is like new and has a very appealing look and feel. The business is currently running way below its' potential due to the limited hours and absentee owners. Food accounts for 65% of sales; however a new Owner could easily move towards more food or focus on alcohol sales. Sales could be grown dramatically with the longer hours and new energy. This is the perfect fit for a Chef or Owner Operator.
Facility: The space is approximately 2,500 square feet; the facility has been beautifully built-out and consists of a very functional floor plan with a large open kitchen.
Condition: The building and restaurant are new and in Excellent condition.
Parking: Plenty of Parking
Equipment: The equipment has been well maintained and is of good quality.
Lease Term: (3) year lease with three Five (5) options.
Base Rent: $2,000 per month (well below market rate)
Concept: American Bistro & Lounge
Seating:75 seats (Outside seating option available)
Hours: 4:00 PM - Midnight Tuesday - Sunday (Can stay open for longer hours)
Licenses: Full Liquor License, Full Entertainment License and Live music
Sales: Approximately $275,000 per year (with limited hours of operation)
Price: $197,000
Click Here To Contact Seller
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