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

Busy Waterfront Bar & Restaurant

Location  Massachusetts,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1760000
Net Profit / Cash Flow  $249000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2002
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  Beautiful Waterfront Bar & Restaurant located on the Bay State's famous South Shore. This Hot Spot has Full Liquor & Entertainment licenses and enjoys a gorgeous outdoor seating overlooking the Ocean The facility is turn-key and in excellent condition. The business enjoys growing Sales and a strong following. The Seller is motivate and is willing to consider partners. This is a must see! CONDITION: The Bar & Restaurant are in very good condition. PARKING: There is dedicated and on-street parking EQUIPMENT: The equipment is new and is in good working order and has been well maintained LEASE TERM: Fifteen (15) year lease with options BASE RENT: $4,750 per month (triple nets = $1,000 per month) CONCEPT: Waterfront Bar & Restaurant CAPACITY: 151 person capacity inside plus 97 outsideHOURS: 11:00 AM - 1:00 AM LICENSES: Full Liquor License & Full Entertainment SALES: Approximately $1,760,000 (65% Alcohol to 35% Food ratio) CASH FLOW: Approximately $249,000 per year PRICE: $599,000 (For the Business)
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