Gorgeous Restaurant & Bar
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $708144
Net Profit / Cash Flow $165000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Elegant Restaurant & Bar with water views, located in the affluent, heavily-touristed seaside town of Newburyport. This tastefully decorated space has a Full Liquor license and enjoys attractive outdoor seating. The facility is turn-key and in excellent condition, with Cash Flow of $165,000 per year. The space is currently underutilized, with $1M+ in sales easily achievable. This is a Must-See space.
CONDITION: The Restaurant & Bar are in excellent condition.
PARKING: There is ample dedicated parking in the plaza
EQUIPMENT: The equipment is new and is in good working order and has been well maintained
LEASE TERM: 12 year lease
BASE RENT: $4,800 per month NNN
CONCEPT: Restaurant, Bar & Functions
CAPACITY: 140 person capacity plus 16 seats outside (Full Sprinkler
System)
HOURS: 5:00 PM - Midnight AM (Should be open for lunch also)
LICENSES: Full Liquor License
SALES: Approximately $708,144
CASH FLOW: $165,000
PRICE: $285,000 (For the Business)
Click Here To Contact Seller
|
|