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BUSINESSES FOR SALE

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

Elegant Restaurant & Lounge

Location  Massachusetts,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $3000000
Net Profit / Cash Flow  $205000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Description  Elegant Restaurant & Lounge located in a popular suburb south of Boston. This site has a long history of success. The facility is excellent condition and boasts a popular lounge, 430 seats, a beautiful dining area and function rooms. The Real Estate is available. The Seller is willing to give a long term lease and offer the first right of refusal to purchase the property. CONDITION: The Restaurant & Bar are in Excellent condition. PARKING: There is amble dedicated parking for this facility EQUIPMENT: The equipment is new and is in good working order and has been well maintained LEASE TERM: Ten (10) year lease with the first right of refusal to purchase the Real Estate BASE RENT: $25,000 per month NNN (Negotiable depending on the sale price of the Business) CONCEPT: Restaurant, Lounge & Functions CAPACITY: 432 Seats (Full Sprinkler System) SIZE: 12,800 square feet HOURS: 4:30 PM - 1:00 AM LICENSES: Full Liquor License & Full Entertainment SALES: Approximately $3,000,000 (Historically over $5,000,000) CASH FLOW: Approximately $205,000 REAL ESTATE: The Real Estate is also available which valued at $9,800,000 PRICE: $800,000 (For the business some financing available for qualified Buyers)
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