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

Large Restaurant With Real Estate For Sale

Location  Massachusetts,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1100000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1970
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Current managers willing to stay on.
Reason for Sale  Bank foreclosed property and they wish to get off the books
Description  This well established restaurant was orginally an 1850 tollhouse and has served as a restaurant for more than 40 years. It features 6,888 square feet with 3 function rooms, a 25 seat bar and a dining room with a seating capacity of 235. There is a 950 square foot four room owner's apartment on the second floor. This a bank foreclosed property, but the managers are still operating the facility and are willing to stay on. The building was recently appraised at $600,000. The building is in good condition and is situated on 1 acre with parking for 93 cars. Location is at the intersection of 2 busy roads and 2 miles from Route 24. Primary cuisine is Italian, American and seafood. There is a full liquor license permitting service up to 1am as well as keno and scratch ticket for lottery. The function rooms can be opened up into a single space and when divided up can accommodate different sized parties. This is an excellent buying opportunity for an experienced restaurateur! REDUCED $599,000
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