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Listing ID: XX151                                                   [North Shore, MA]

Dinner Restaurant/Bistro for Sale

Financial Information

Asking:   $245,000

Gross:    $676,000

Cash Flow:  Not Disclosed

Furniture, Fixtures & Equipment:  $75,000

Inventory:  $7,000 (not included in price)

Financing:   Seller financing for a qualified buyer.

Summary Description

Restaurant is located in a desirable community on the North Shore of Massachusetts. The restaurant operates as a dinner restaurant/bistro. It has 90 seats and is open for dinner only, 6 days a week (evening hours). The restaurant has a full liquor license.  The facility can accommodate any concept. Separate areas within the restaurant are perfect for functions and catering. A new owner could add music or entertainment. Opening for lunch would immediately increase revenue.

General Information

Facilities: Restaurant operates in a newly renovated building. All of the systems are new and the facility is fully handicap accessible. The build-out and kitchen design are state-of-the-art. There is plenty of ambiance (wood, brick, several fireplaces, attractive built in liquor storage, etc).  Too many features to list.

Lease:  Rent currently is $3,700, triple net. A new long term lease will be available.

Support/Training: The seller will provide a reasonable transition period.

Reason Selling: Partnership dissolution.

Year Established:  2002

Employees: 10 -14 ft/pt

Contact Information

Wayne S. Michals
Tel: 866.970.7050, Ext. 100
Fax: 617.273.2620

Blog: The Business Arc