Italian Restaurant & Lounge
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $650000
Net Profit / Cash Flow $95000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 10 - 19
Inventory 210000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Training will be provided.
Reason for Sale Retirement.
Description Very attractive Italian Restaurant & Lounge for sale, located in the center of town. Situated in Southern Worcester County This turn-key restaurant is very nicely built-out and has high end finishes. This profitable business is ideal for Chef/Owner Operator.
FACILITY: The space is approximately 2,500 square feet plus a full basement. The facility has a functional layout and has seating for 100 persons. There is plenty of dedicated parking for the restaurant.
CONDITION: The restaurant and equipment are in excellent condition
PARKING: There is a private parking lot with ample parking spaces
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Three (3) year lease with 1 Five (5) option available.
BASE RENT: $2,400 per month (which includes the triple nets)
CONCEPT: Full Service Italian Restaurant and Lounge
SEATING: 100 seats (has sprinkler system)
HOURS: 4:00 PM - 1:00AM
LICENSES: Full Liquor (1:00 AM), Full Entertainment & Live Music, Keno
SALES: Approximately $650,000
CASH FLOW: Approximately $95,000
PRICE: $225,000 (financing available)
For More information please email or call Corbett Restaurant Group 617-948-3394
Click Here To Contact Seller
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