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Great Restaurant Opportunity - Financing Available

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $10500000
Net Profit / Cash Flow  $150000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2005
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  Yes

Description  
Restaurant with more than 20 years of successful operation South of Boston. This highly visible location is in the center of town and has been recently renovated. The current owner is absentee and is expanding his other concept and does not have time to focus on this. Sales and profitability could be grown by an owner that is working in the business. This is ideal for an Owner/Operator. The Seller is motivated and is willing to offer financing with $100,000 down. FACILITY: The space is approximately 3,000 square feet with a 90 person seating capacity. PARKING: On-street and public lots (dedicated parking for the owners) EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality. LEASE TERM: 5 Year Lease with options available BASE RENT: $8,000/per month CONCEPT: Full Service Restaurant SEATS: Seating for 90 patrons HOURS: 11:30 AM - 10:00 PM LICENSES: Full Liquor License SALES: $1,500,000 CASH FLOW: $150,000 ASKING PRICE: $297,000 (For the Business) - $100,000 down payment required


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