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Businesses For Sale   >>   Massachusetts Businesses For Sale Categories   >>   

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
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