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

Profitable Restaurant / Bar With Real Estate

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1400000
Net Profit / Cash Flow  $198000
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 Restaurant & Bar located on the Bay State's famous North Shore. This Hot Spot has Full Liquor & Entertainment licenses and enjoys attractive outdoor seating. The facility is turn-key and in excellent condition. The business enjoys a Cash Flow of $198,000 and ability to purchase the Real Estate at fair market rate. CONDITION: The Restaurant & Bar are in Excellent condition. PARKING: There is on-street and valet parking for this facility EQUIPMENT: The equipment is new and is in good working order and has been well maintained LEASE TERM: Three (3) year lease with the option to purchase the Real Estate BASE RENT: $7,000 per month Base rent - CAM: $531 per month Taxes: $375 per month CONCEPT: Restaurant, Bar & Functions CAPACITY: 84 persons dining room, 14 persons in the Bar, 60 outside (Full Sprinkler System) HOURS: 11:30 AM - 1:00 AM LICENSES: Full Liquor License & Full Entertainment SALES: Approximately $1,400,000 (30% Alcohol to 70% Food ratio) CASH FLOW: Approximately $198,000 PRICE: $298,000 (For the business)
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