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  RESTAURANT/NIGHTCLUB/SPORTS BAR   

Listing ID: XX191                                                     [Metro West, MA]


[SOLD]

Restaurant/Night Club/Sports Bar for Sale

Financial Infomation
Asking
: $425,000

Gross:   $1,200,000

Cash Flow: Not Disclosed

Financing:  Seller financing for a qualified buyer.

 

Summary Description

Restaurant, nightclub and sports bar located on a busy route in a desirable Metro West community. The Restaurant is licensed for 220 seats and operates under full liquor and entertainment licenses. This theme Restaurant is distinctive, but the location will accommodate a variety of concepts. This business would be perfect for experienced owners who want to operate a high volume restaurant or for a corporate purchaser.  Opportunities for future growth are limitless. This listing is strictly confidential. All interested buyers will be required to sign a Nondisclosure Agreement and provide an acceptable Financial Statement prior to obtaining any additional information.

 

General Information 

Facilities:  The Restaurant is a multi-room facility consisting of approximately 6,500 square feet.

Lease:  Rent currently is $7,200, triple net. A new long term lease will be available.

Competition: The Restaurant is located in a desirable area in which there are many successful Restaurants and activity generators.

Growth and Expansion: There is substantial, ongoing real estate development in the immediate area. The nature of the build-out lends itself to a variety of successful concepts and the Restaurant can accommodate much more volume.

Year Established:  1996

Employees: 25 full and part time employees

Support/Training: Seller will provide reasonable support for transition.

Reason Selling: Seller no longer wants to manage a large volume restaurant.

 


Contact Information

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

Email:
wmichals@ascendbrokers.com
Blog: The Business Arc