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

Gorgeous Restaurant & Bar

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $708144
Net Profit / Cash Flow  $165000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2002
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  Elegant Restaurant & Bar with water views, located in the affluent, heavily-touristed seaside town of Newburyport. This tastefully decorated space has a Full Liquor license and enjoys attractive outdoor seating. The facility is turn-key and in excellent condition, with Cash Flow of $165,000 per year. The space is currently underutilized, with $1M+ in sales easily achievable. This is a Must-See space. CONDITION: The Restaurant & Bar are in excellent condition. PARKING: There is ample dedicated parking in the plaza EQUIPMENT: The equipment is new and is in good working order and has been well maintained LEASE TERM: 12 year lease BASE RENT: $4,800 per month NNN CONCEPT: Restaurant, Bar & Functions CAPACITY: 140 person capacity plus 16 seats outside (Full Sprinkler System) HOURS: 5:00 PM - Midnight AM (Should be open for lunch also) LICENSES: Full Liquor License SALES: Approximately $708,144 CASH FLOW: $165,000 PRICE: $285,000 (For the Business)
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