Ascend Business Brokers
Business Intermediaries

  Breakfast and Lunch Restaurant    

Listing ID: XX891
                                     [North Shore, MA]


Profitable Breakfast and Lunch Spot
          Cash Cow in Great Location!

           [UNDER AGREEMENT]

  
Financial Information:
Asking Price: $269,000           
Annual Gross Sales: $750,000
Seller Financing: Limited Financing for a Qualified Buyer
Inventory: $10,000 (approximately)
Not Included in Asking Price

Summary Description:

Profitable Breakfast and Lunch spot located in an upscale community on the North Shore. The restaurant is situated on a busy street right in the heart of downtown!

The restaurant serves an easy, standard breakfast and lunch menu, with daily specials. Easy (short) hours, seven (7) days a week, 6:00 AM – 2:00 PM. The restaurant features a beer and wine license, which is great for those busy weekend brunches.

The restaurant has approximately 70 seats, plus a seasonal outdoor patio. The (newer) build-out is spotless and attractive, featuring both table and counter seating. The restaurant is very well maintained and the equipment is clean and in good shape.

The restaurant’s atmosphere is warm and inviting, which helps to explain this restaurant’s local popularity (as does being recognized for serving the "best breakfast" in town!). Sales have increased during each of the last three years.

Monthly rent is $4,000 (only 6.5% of gross sales!), plus modest triple nets. There are six years remaining on the lease.

This the best breakfast and lunch restaurant we have had in quite some time. It would be perfect for an experienced operator and as a family run operation. Turn the key and start making money on your first day. This restaurant will sell quickly, so do not miss out.

Call us today for all the exciting details!              
                       
General Information:
Hours: Open Daily, 6:00 AM - 2:00 PM
Seating: Approximately 70 Patrons, plus seasonal patio seating.
Licenses: Common Victualler
Beer and Wine                       
Facilities: The Restaurant occupies approximately 2,300 square feet, with a large basement for storage.
Parking: Abundant parking, both on-street and in nearby municipal parking lots.
Leases: Monthly Rent presently is $4,000, plus modest triple nets. There are 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: Family Obligations.


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.