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  Prime Restaurant with Full Liquor    

Listing ID: XX887
                                     [North Shore, MA]


Prime Restaurant with Full Liquor
    Landmark Downtown Location!
  
Financial Information:
Asking Price: $375,000           
Gross Sales: $1,000,000
Seller Financing: Limited Financing for a Qualified Buyer
Inventory: $5,900 (approximately)
Not Included in Asking Price

Summary Description:

Landmark restaurant for sale in an historic North Shore community, well known for its upscale shopping and fine dining. This high profile restaurant occupies a premier downtown location, right in the middle of all the action. It enjoys year round heavy foot and car traffic.

The restaurant is open daily, serving breakfast, lunch and dinner. The menu includes a variety of standard American breakfast and lunch dishes, including fresh bakery items. The dinner menu features a classic American cuisine. The food is award-winning and has been featured in numerous magazines and on Phantom Gourmet.

The restaurant, which had been a local favorite for decades, was substantially renovated in 2012. The resulting build-out is gorgeous and the kitchen layout is very functional and top notch. This restaurant is absolutely turn-key!

The restaurant has both full liquor and entertainment licenses. There is musical entertainment on the weekends. The restaurant is becoming increasingly well known for featuring local talent, in an intimate and quaint atmosphere.

Originally a breakfast and lunch spot, the dinner and alcohol operations are relatively new—and steadily growing. At present, alcohol sales constitute only 13% of sales. This restaurant is uniquely positioned for an experienced operator and/or chef to take to next level.

Call us today for all the exciting details!              
                       
General Information:
Hours: Open Daily
Seating: 80 Patrons, plus additional outdoor seating.
Licenses: Common Victualler
Full Liquor and Entertainment                       
Facilities: The Restaurant occupies approximately 3,000 square feet. There is abundant on-street parking and in nearby parking lots.
Leases: Monthly Rent presently is $6,200, plus triple nets. There are over six (6) years remaining on the lease.
F, F & E: Equipment is in Good Condition. 
Support/Training:  The Seller will provide a 2 week transition period.
Reason Selling: Retirement


Contact Information

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

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


All financial and other information, including, without limitation, information
concerning gross sales, income and/or expenses: (A) has been provided by the seller; (B) has not been independently verified whatsoever by the broker; and (C) is subject to "errors and omissions." The broker makes no representations or warranties (either express or implied), covenants, certifications, or guaranties whatsoever concerning the accuracy, completeness, or correctness of any of the financial or other information regarding the business. This business is subject to prior sale and/or withdrawal from the market at any time, for any reason or for no reason.