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

Bar & Restaurant For Lease / Sale

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $2000000
Net Profit / Cash Flow  $0
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  Top-notch Bar & Restaurant for lease in the Metro-west area. This stylishly built-out and very well equipped facility is a very rare opportunity. The Site enjoys outdoor seating and great parking. At close to $2,000,000 in annual Sales the current concept is not reaching the potential of the facility. The landlord is looking for a good tenant and concept for the space. He is asking for a small amount of key money for the more than $1,000,000 recently spent on FF&E and improvements for the space. This key money can be negotiated in connection with the lease. This turn-key opportunity that can be picked up and converted at a fraction of what it cost to open. PARKING: Plenty of private dedicated parking EQUIPMENT: The equipment is in like new condition and has been well maintained and is of good quality. LEASE TERM: Five (5) year lease with 1 Five (5) year option BASE RENT: $10,000+/- per month NNN CONCEPT: Bar & Restaurant SEATING: Seating for 168 patrons (total capacity could be increased) SIZE: 6,500 square feet HOURS: Currently open from 4:30 PM - 10:00 PM (Can be open much longer hours) LICENSES: Full Liquor & Entertainment (2:00 AM) SALES: Approximately $2,000,000 currently KEY MONEY: $350,000+/- depending on the lease terms (For the Business Assets)
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