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Restaurant With Contemporary Italian Menu
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $450000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Divorce forces sale of business.
Description Asking Price: $189,000
Gross: $450,000
Cash Flow: $50,000
FF & E: $90,000
Inventory: $7,000 (Not included in the asking price.)
Summary: In business for 7 years, this full-service dining room and bar offers a quality contemporary Italian menu of the freshest ingredients and is located on a major highway on the South Shore. The restaurant is adjacent to a busy commercial area and the great food and service, as well as the inviting and intimate bar area and function room, have created a dedicated following of the area's employees and local families. In combination with its excellent menu, the restaurant also offers Corporate Catering, Take-Home Catering, Cooking Classes, Wine Dinners Dinners and Holiday (e.g. Thanksgiving) Take-Home Dinners. Staff includes one full-time and 14 part-time employees.
Facility: This attractive facility has 3,000 SF, approved seating for 78 customers, a separate function room and a full liquor license. It is located in an attractive strip mall with frontage on a major local highway. An attached parking area is provided in the front. The facility has a full kitchen and an up to date POS system. Rent is $3,500 NNN per month.
Furniture, Fixtures and Equipment: Price includes all Tables, Seating, Kitchen Appliances and Equipment.
Hours: Open Tues. thru Thurs., 4:00 PM to 9:00 PM, Fri. & Sat., 4:00 PM to 10:00 PM.
Opportunities: The development of a 3,000 unit mixed development has just begun in the immediate area and future business will certainly benefit from this. Further sales could also come from expanding service to lunch customers and/or Sunday and Monday hours. Contact for more information on this Restaurant for sale.
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