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BUSINESSES FOR SALE

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

Opportunity Restaurant / Lounge

Location  Massachusetts,United States
Asking Price Range  < $250K
Gross Revenues  $1400000
Net Profit / Cash Flow  $0
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  Owned
Description  South Shore Restaurant & Lounge in upscale town looking for Joint Venture partnership. Sales History of $1,600,000 with limited competition. Looking for Chef or Managing partner with some capital to partner with the Landlord. Buy in Price Approximately $150,000 with $75,000 down for 50% ownership. FACILITY: This is a 3,400 s/f store facility in an upscale town. The space is immaculate and it has beautiful state of the art equipment. There is also patio with outdoor seating. CONDITION: The building and restaurant are in excellent condition. PARKING: Dedicated Private Parking EQUIPMENT: The equipment has been very well maintained and is of excellent quality. LEASE TERM: The property is owned BASE RENT: $6,500 per month (Triple nets = $1,000) CONCEPT: Full Service Restaurant & Lounge SEATING: 100 seats inside plus 40 outside HOURS: 5:00 PM - 11:00 PM LICENSES: Full Liquor & Entertainment (1:00 AM) SALES: Approximately $1,400,000 BUY IN PRICE: Approximately $150,000 with $75,000 down for 50% ownership PRICE: $150,000 (to buy into the J.V. some financing available)
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