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Under Agreement Great Restaurant In Middlesex County For Sale

Middlesex County, Massachusetts
Asking Price:
$299,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,730,000 (USD)
Cash Flow:
$165,000 (USD)

Restaurant Middlesex County Gross $1.7m

Full Service Restaurant off major route in desirable Middlesex County.
- Owner's original investment was $1.2m+
- Beautiful space consists of 4,000 sf on first floor which features
Full Bar, Dining Room, Open Kitchen & Rest Rooms, the basement
houses offices & storage.
- Guest capacity of 130, full liquor license, and ample parking.

Property information

Real Estate:

Lease

Lease Terms:

See Broker

Location:

Prime Location in affluent Middlesex County

Premises Details:

Open kitchen style dining with Mediterranean flair. Over $1,200,000 spent on capital/leasehold improvements. Tons of off-street private parking. Beautiful bar. Private function room. Gorgeous dining room with seating for 130.

Business Operation

Expansion Potential:

Always room to add additional profit centers - catering, expand take-out, corporate functions, etc. As a friend in the industry with 3 locations once said, shave 3% from COGS and operating expenses and profitability goes up $53,000. There's room for that here - our client is tired.

Competition / Market:

What can we say. Success speaks for itself. Great food, great service,. great ambiance and reasonable prices.

Reasons for selling:

Retirement

Trading hours:

Mon - Fri 11:30am to 10pm
Sat 5pm-10pm

Employees:
34
Years established:
2004

Other Information

Support & training:

Seller supports training to aid in a smooth transition.

Financing available:

Possibly some Seller financing for a qualified buyer.

Furniture / Fixtures value:
$1,200,000 (USD) - included in the asking price
Inventory / Stock value:
$30,000 (USD) - included in the asking price
Related Documents:

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