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

Ultra Lounge & Restaurant For Sale

Location  Massachusetts,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1750000
Net Profit / Cash Flow  $1750000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2002
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  Ultra Lounge & Restaurant with Prime location situated in a popular Square in the City of Cambridge. The Business has Full Liquor and Entertainment licenses along with all of the other activity generators an Operator needs. This location is in the heart of the action and the space is ideal for most any concept. The Seller is also willing to entertain Joint Ventures or Partnership offers. CONDITION: The building and restaurant are in excellent condition. PARKING: On street parking, plus several private lots EQUIPMENT: The equipment has been well maintained and is of excellent quality. LEASE TERM: Fifteen (15) years remaining on the lease BASE RENT: $14,000 per month NNN CONCEPT: Full Service Restaurant & Lounge SEATING: 200 seats inside plus 60 outside HOURS: 11:00AM - 2:00 AM LICENSES: Full Liquor & Entertainment (2:00 AM) SALES: Approximately $1,750,000 PRICE: $798,000 (For the Business) For More information please contact Corbett Restaurant Group 617-948-3394
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