Prime Restaurant and Tavern
| Listing ID: XX973 |
[South Shore, MA] |
| Prime Restaurant and Tavern | |
| Asking Price: | $395,000 |
| Gross Sales: | $1,800,000 |
| Cash Flow: | $250,000+ |
| F,F&E: | Included in the Price |
| Inventory: | $40,0000 (approximately) Purchased Separately |
| Seller Financing: | Limited Seller Financing for Qualified Buyer |
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| Summary Description: | |
| Profitable restaurant and tavern located in a densely populated community South of Boston. This landmark restaurant has a long history of success. The restaurant is prominently located on a busy, main street near major routes. Highly visible and attractive free standing building with a large parking lot. Exceptional kitchen and prep areas. Attractive build-out, featuring a warm distinctive bar, as well as spacious dining areas. Ambiance abounds throughout – too many features to list! The menu consists of standard American dishes and pub fare. The Restaurant serves a full lunch and dinner menu. Liquor accounts for approximately 30% of the gross sales. The Restaurant has full liquor and entertainment licenses. Excellent opportunities to expand take-out, delivery and catering! General Information: Capacity: 200+ patrons Facilities: The Restaurant occupies approximately 5,000 square feet Base Rent: Monthly Rent currently is $10,360, plus NNN Lease Term: Six (6) years remaining on lease Equipment: Good quality and well maintained Employees: 42 Hours: Open daily for lunch and dinner Support/Training: Two week transition period for a buyer Reason Selling: New business ventures This is a rare turn-key opportunity for the right buyer(s). Sales information and profitability may be verified by filed tax returns. The Seller’s Discretionary Earnings would easily support a full-time manager. Ideal opportunity for a variety of buyers, including chef owner/operators, experienced restaurant owners and managers, etc. The location of Restaurant will be disclosed to highly qualified buyers only. Viewings of the “Back of the House” are by appointment only. Prospective buyers will be required to first complete a Confidentiality Agreement and a Financial Statement. Please contact us today for all the exciting details!!! |
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| Contact Information: Wayne S. Michals Tel: 866.970.7050, Ext. 100 Fax: 617.273.2620 Email: wmichals@ascendbrokers.com Blog: Ascend Business Brokers Blog |
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