SALEM/PEABODY-Well Loved Breakfast Lunch Concept/ Catering $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

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
LOCATION: Peabody-Salem area

SELLING PRICE: $499K
Price negotiable depending on amount of Down Payment.
SALES VOLUME: strong $20K-$22k/wk % DELIVERY: 10-15%

LEASE: $5,700/mo. gross Low Lease only (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. NETTING OVER $200k PER YEAR!
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
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
Contact the Seller

About the Sale

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

Listing Info

ID:
1523597
Ad Detail Views:
437

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Business Listed by

Dennis Serpone

New England Restaurant Brokers

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