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Restaurant & Lounge South Shore
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $312000
Net Profit / Cash Flow $48000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 6 - 9
Inventory 80000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Training will be provided.
Reason for Sale Family matters.
Description This offers a new buyer a truly turn-key opportunity. The owners are selling due to family reasons and have priced this to move quickly. The operators recently added the Liquor & Entertainment licenses in October. This business has 3 separate revenue streams. It currently operates as a restaurant and lounge and is open for breakfast and brunch on the weekends. This is a great opportunity to take an established business to the next level.
FACILITY: This store front facility is approximately 2,600 square feet plus a full basement. The space consists of a Lounge/ Bar area with street side seating. A large dining area and well appointed kitchen.
CONDITION: The restaurant and lounge for sale are in good condition
PARKING: Free on street parking and public parking lot
CONCEPT: Restaurant & Lounge
SEATING: There is seating for approximately 80 persons
SIZE: 2,600 square feet plus a full basement
LICENSES: Full Liquor, Full Entertainment, 1:00 AM
RENT: $2,500 per month (which includes the triple net's)
LEASE: A new lease with options is available
SALES: Approximately $6,000 per week (40% Alcohol to 60% Food ratio)
CASH FLOW: Approximately $4,000 per month (they just added the alcohol in October)
ASKING PRICE: $125,000 for the business
For More information please email or call Corbett Restaurant Group 617-948-3394
Click Here To Contact Seller
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