Asking: $225,000 Gross Income: $520,000 Cash Flow: $87,000 Financing: Seller financing for a qualified buyer.
Summary Description Busy Restaurant located on a main street in a very desirable community on the North Shore, Massachusetts. The annual gross sales figure of $520,000 is based upon the most current weekly information provided by the Seller (9K-11K). The Restaurant presently operates only 6 days. The Restaurant is licensed for 115 seats, with additional patio seating. The dining room is beautifully appointed. The Restaurant has a separate 32 seat bar area, which is adjacent to the main dining room. Menu items primarily include Classic American, Italian and seafood dishes. This Restaurant is poised for growth and could very easily accommodate a variety of concepts, including bistro. An owner interested in working the bar also would immediately increase sales.
Facilities: The Restaurant operates in a highly visible, stand-alone building with plenty of parking. The Restaurant consists of approximately 3200 square feet. The equipment is in good condition. Lease: Rent currently is $4,200, triple net. Support/Training: The Seller will provide a reasonable transition period for a buyer. Reason Selling: The Seller wants to retire. Employees: 10 full-time and part-time.
Wayne S. Michals
Tel: 866.970.7050, Ext. 100