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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Opportunity Restaurant / Lounge

Location  Massachusetts,United States
Asking Price Range  < $250K
Gross Revenues  $1400000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2002
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Description  South Shore Restaurant & Lounge in upscale town looking for Joint Venture partnership. Sales History of $1,600,000 with limited competition. Looking for Chef or Managing partner with some capital to partner with the Landlord. Buy in Price Approximately $150,000 with $75,000 down for 50% ownership. FACILITY: This is a 3,400 s/f store facility in an upscale town. The space is immaculate and it has beautiful state of the art equipment. There is also patio with outdoor seating. CONDITION: The building and restaurant are in excellent condition. PARKING: Dedicated Private Parking EQUIPMENT: The equipment has been very well maintained and is of excellent quality. LEASE TERM: The property is owned BASE RENT: $6,500 per month (Triple nets = $1,000) CONCEPT: Full Service Restaurant & Lounge SEATING: 100 seats inside plus 40 outside HOURS: 5:00 PM - 11:00 PM LICENSES: Full Liquor & Entertainment (1:00 AM) SALES: Approximately $1,400,000 BUY IN PRICE: Approximately $150,000 with $75,000 down for 50% ownership PRICE: $150,000 (to buy into the J.V. some financing available)
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