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

Rare Restaurant / Bar

Location  Massachusetts,United States
Asking Price Range  < $250K
Gross Revenues  $1100000
Net Profit / Cash Flow  $1100000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  Prime Restaurant/Bar available for lease in Nantucket. This long established restaurant has a prime location on the famous island. The restaurant was open and operating in the 2011 Season and has a complete and operational FF&E package. It is a beautiful facility with a location that cannot be beat. The restaurant has a Full Liquor license and seating for 156 persons. The landlord is looking for a new long term, well qualified and experienced tenant. This is a rare leasing opportunity! Location: Nantucket is a Mecca for the tourism industry and is drawing people to its natural and everlasting beauty along with its first-rate attractions, accommodations and restaurants. Nantucket has a year round population of over 10,000 and then swells to 50,000-60,000 during July and August. The Island is known for its beautiful cobblestone streets, excellent restaurants, charming lodging establishments and historical locations available to the public. The island is easily reachable year round by ferry boat or plane service. Facility: The restaurant is 3,250 square feet Parking: On street parking Seating: 156 person seating capacity Sales: $1,100,000 in 2011 (with higher historical sales) Licenses: Full Liquor license Hours: 8:00 AM - 1:00 AM Rent: $150,000 per year ($75,000 at lease signing) Lease term: Seven (7) year initial term
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