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Prime Bar And Restaurant Nantucket
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $1200000
Net Profit / Cash Flow $1200000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Prime Bar & Restaurant available for lease or sale in Nantucket. This established restaurant has a prime location between both ferries and is open year round. The restaurant is currently open and operating and has a complete FF&E package. This is a dynamite location with a Full Liquor license and beautiful outdoor seating. The landlord is looking for a new long term, well qualified and experienced tenant. The landlord is also willing to sell the business and or Real Estate.
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 2,740 plus square feet and 60 patio seats. The restaurant is open and operating and has a complete and operational FF&E Package.
Parking: On street parking
Seating: 160 person seating capacity inside and 60 person Patio
Seating Outside
Sales: $700,000-$1,200,000 (Historically)
Licenses: Full Liquor license
Hours: 8:00 AM - 1:00 AM
Rent: $160,000 per year ($75,000 at lease signing)
Lease term: Seven (7) year initial term The business may also be purchased if the name is to be Changed.
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