Lisiting ID: XX78                                                     [North Shore, MA]


[UNDER AGREEMENT]

Seafood Restaurant with Real Estate for Sale
 
Financial Information
Asking Price: $575,000
Gross Income: $400,000
Cash Flow: Not Disclosed
FF&E: $35,000 (included in the purchase price)
Inventory: $4,000 (Not included in the asking price)
Financing: Seller will consider financing on business only.

Summary Description
Business is a seafood restaurant located in a densely populated area, North of Boston, MA. This restaurant presents a fantastic opportunity to own a restaurant and real estate. It is located on a busy street with lots of traffic. Customers include local residents, students, tourists, and drive by traffic. Menu items include seafood, pasta, salads and various American style dishes. The equipment is mostly new and in great condition. A new owner easily could change the concept and/or add catering. The area would be perfect for either Bistro or Asian cuisine. A full liquor license and entertainment licenses would be available.

The building is free standing, consisting of approximately 4,800 square feet (including the basement). The restaurant seats 60 patrons in a spacious dining area, and features a large kitchen area with plenty of room for food preparation. The building has a half basement, which includes office and storage space. There is abundant parking.

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.

This listing will not last long.

General Information
Reason Selling: The Seller is retiring.
Year Established: 2002
Hours: The restaurant is open 6 days, from 11:00 am - 8:00 pm.
Employees: 7 full-time and part-time employees


Contact Information

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

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