PEABODY-Breakfast-Lunch- Strong Catering

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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

Real Estate:
 Not Disclosed

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Business Description

Peabody-Salem area

SELLING PRICE: $499K with SBA financing readily available with $100K cash.

SALES VOLUME: strong $20K-$22k/wk % DELIVERY: 10-15%

LEASE: $5,700/mo gross (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". Huge basement with 2 walk-ins and loads of storage space. They have an excellent catering business that you'll inherit for even more sales and profit. FULL LIQUOR LICENSE AVAILABLE.

NETTING OVER $200K PER YEAR!
Call Dennis to tour 617-721-9655 or email: DSerpone@comcast.net

About the Business

Relocatable:
Yes
Facilities:
99 SEATS WITH ADJOINING DINING ROOM...GREAT FOR PRIVATE PARTY
Market Outlook/
Competition:
Minimal for an urban 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:
163

Attached Files Attachment Disclaimer

  Buyer NDA- 'seller'-4-2018- Jani... (18 KB)
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Business Listed by

Dennis Serpone

New England Restaurant Brokers

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