Burlington Area Lakeside Sports Bar

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UNBEATABLE LOCATION, LAKE VIEWS WITH OUTDOOR SEATING!
Asking Price:
$375,000

Gross Revenue:
$1,100,000
Cash Flow:
$322,000
(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

LOCATION: Burlington-area. Highly populated residential and office bldg. area

SELLING PRICE: $375K DOWN PAYMENT: $175K

SALES VOLUME: $18K - $22K/wk.

LEASE: $7K/mo. (includes NNN)
YRS. LEFT: New lease including Right of First Refusal

SQUARE FOOTAGE: 3,000 sf. + 1,000 second flr function rm and office
HOURS OF OPERATION: 11A.M. - 1 A.M.
SEATING: 240 seats both inside and patio overlooking lake.

COMMENTS: MAKE YOUR MONEY BACK THE FIRST YEAR! This unbeatable location nets over $322,00 per year and has absolutely everything you need to succeed!
Beautiful views of a lovely Lake wrap around property. Two bars downstairs and one in function room upstairs. Pool tables and live bands on weekends. You will not find a cleaner restaurant as owner just completed a six-figure remodel including all new bathrooms, new flooring, booths and tables. Owners are absentee and just too busy with other business ventures to be on premise to maximize sales.
Call David Horn at 978-833-4006 or email at DavidLHorn@gmail.com.

About the Business

Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
5,000
Facilities:
Waterfront views wrap around 3/4 of property creating stunning lake views inside restaurant through many huge windows. Outside patio seating also wraps around property bringing in sun-seekers by the droves during warmer months. Absolutely pristine dining room build out. A must see!
Market Outlook/
Competition:
Minimal.
Growth & Expansion:
Beautiful facility to add more special events
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About the Sale

Reason For Selling:
Absentee owners have other business demands.
Training/Support:
As much as necessary.
Seller Financing:
$200 K at 6% for 5 yrs...

Listing Info

ID:
1494910
Ad Detail Views:
1095

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Business Listed by

David Horn

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

U.S. Census Data for Middlesex County, MA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Middlesex County, MA
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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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