LikeMONEY! Peabody/Salem BreakfastLunch GrabThisBefore Too Late $499K

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Asking Price:
$499,000

Gross Revenue:
$1,100,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

NO STOPPING US NOW!

SELLING PRICE: $499K
Strong Business/SBA financing should be readily available.

LOCATION: Salem/Peabody Visible, busy Area
SALES VOLUME: Strong $25K-$27k/wk and keeps growing % DELIVERY: 10-15%

LEASE: $5,700/mo gross (5-6% of sales) YRS. LEFT: 10+5+5

SQUARE FOOTAGE: 3,900 sf. + 4,000 sf. in clean, dry basement

Price may be negotiable depending on amount of Down Payment.
SALES VOLUME: strong $25-27k/wk and growing % DELIVERY: 10-15%

LEASE: $5,700/mo. gross Low Lease only (5-6% of sales) YRS. LEFT: 10+5+5

SQUARE FOOTAGE: 3,900 sf. + 4,000 sf. in clean, dry basement

HOURS OF OPERATION: 6AM - 8 PM, 7 days...strong catering & pick-up in evening.
SEATING: 99 seats

COMMENTS: Bldg. is fully sprinkled. Large municipal pk'g lot next door. This is a beautiful place with long successful history. Fully renovated 3 yrs. ago...everything is 'NEW". They have an excellent catering business that you'll inherit for even more sales and profit. STRONG NET !!
Call, text or email Chuck at 978-317-2943 cwrollins01@gmail.com
or Marie at 978-902-0350 ellesell3@gmail.com to tour this beauty.

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

About the Business

Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,900
Lease Amount/Mo.:
$5,700.00
Facilities:
99 SEATS WITH ADJOINING DINING ROOM...GREAT FOR PRIVATE PARTY
Market Outlook/
Competition:
Unique set up for the area!
Growth & Expansion:
Promoting dinner and catering
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About the Sale

Reason For Selling:
Health issues
Training/Support:
As much as required

Listing Info

ID:
1523597
Ad Detail Views:
516

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Business Listed by

Marie Feudo

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

U.S. Census Data for Essex County, MA
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Essex County, MA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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