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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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

Restaurant Lounge Entertainment Money Maker

Location  Massachusetts,United States
Asking Price Range  < $250K
Gross Revenues  $600000
Net Profit / Cash Flow  $150000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2011
Number of Employees  6 - 9
Inventory  Included in asking price.
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  1 month during transition
Reason for Sale  New career
Description  What a find! TYPE OF BUSINESS: RESTAURANT, SPORTS LOUNGE , Your Concept LOCATION: GEORGETOWN AREA, NORTH SHORE SELLING PRICE: $175,000 with $100K down (Below Market Value) MAKE A REASONABLE OFFER SALES VOLUME: $13K - $15K/wk (60% food) NUMBER OF SEATS: 247 seats in the dining rooms and lounge Room for expansion: additional 200 seats in the unfinished function room (vaulted ceiling and separate entrance). LEASE: $4,200/mo YRS. LEFT: 15 +15 SQUARE FOOTAGE: 6000 square foot Restaurant Bldg. is 12,000 square feet (2 floors.) on a 2 acre lot. HOURS OF OPERATION: 11 am - 11 PM; till 1 AM weekends COMMENTS - This is a fabulous property. - Active bar for sports, game room (nets $1K per month), - Keno license due this month. - Located on a large beautiful pond, the setting is perfect for outdoor patio. - The best of both worlds...restaurant with a big bar area and entertainment on the weekend - Competition: Affluent area supports quality and value. - Financing: Some seller financing may be available for credit worthy buyer - Support/Training: Limited support during transitional period will be provided. - Reason Selling: Time constraints in operator's life preclude full time management. If interested, please email or call Marie 978-902-0350.
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