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Businesses For Sale   >>   Essex Businesses For Sale   

Stunning Restaurant & Bar For Sale

Location  Essex County, Massachusetts, United States
Asking Price Range  $250K - $500K
Gross Revenues  $1400000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2007
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  Yes.

Description  
Newly Constructed Restaurant & Lounge on the North Shore with highly desired location. This beautiful facility has an impressive build-out with a swanky and elegant feel. The Site has outdoor seating and strong activity generators. $1,450,000 was spent on the build-out. The landlord is willing to renegotiate the lease for the right tenant. There is a ton of value here for the price. The Seller wants to see offers! FACILITY: Newly constructed Top-notch Facilities. PARKING: Plenty of Parking (North Shore Mall) EQUIPMENT: The equipment is in excellent condition and has been well maintained and is of good quality. LEASE TERM: Twelve (12) year remaining with options available. BASE RENT: $10,250 per month base rent (the triple nets = $11,750 per month) Landlord is willing to renegotiate the lease for the right tenant. CONCEPT: Full Service Restaurant, Bar & Lounge SIZE: 7,500 square feet upstairs (plus full basement and additional space) SEATS: Capacity of 250 Persons plus 50 seats Outside LICENSES: Full Liquor SALES: $1,400,000 per year ASKING PRICE: $399,000 (For the Business) Contact for more information on this stunning restaurant & bar for sale.


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