Ascend Business Brokers
Business Intermediaries

  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
           
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!!! 
             
Contact Information:

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

Email:
wmichals@ascendbrokers.com
Blog: Ascend Business Brokers Blog


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.