Danvers Area Italian Kitchen-Pizzeria

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MILLIONS made over 17 yrs...now it's your turn.
Asking Price:
$325,000

Gross Revenue:
$1,000,000
Cash Flow:
$250,000
(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 -Danvers area~~ITALIAN RESTAURANT & PIZZERIA

SELLING PRICE: $325K DOWN PAYMENT: Only $125K

SALES VOLUME: $19K/wk (approx. $1M per year and more room to grow)

LEASE: $2,863/mo. (only 4% of sales) YRS. LEFT: 7 years

SQUARE FOOTAGE: 1,542 sf. SEATING: 29 seats
HOURS OF OPERATION: 6 days, closed Mondays. 10AM - 9 PM

COMMENTS: Located in a very active shopping center with unlimited parking. Owned for 17 years, this business has provided a lucrative lifestyle with husband and wife working together. Only seasoned buyers considered. Sellers have made millions in profits over 17 yrs. Now it's your turn.
NETS OVER $250,000 per yr....EVERY YEAR
Call Betsy 781-599-9707 or email betsy817@verizon.net

About the Business

Location:
Peabody, Massachusetts
Year Established:
2002
Relocatable:
Yes
Facilities:
1500 sf ...well-laid out for busy periods.
Market Outlook/
Competition:
Typical for the North Shore.
Growth & Expansion:
Place is great as is!!!
Contact the Seller

About the Sale

Reason For Selling:
RETIRING to spend their savings.
Training/Support:
Only a seasoned buyer will be considered. Extremely appropriate for 2 partners. This place is always hopping.
Seller Financing:
Only $125,000 cash required. Your investment back in the first yr.

Listing Info

ID:
1625523
Ad Detail Views:
996

Attached Files Attachment Disclaimer

  Buyer NDA- 'seller'-4-2019.docx (18 KB)
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Business Listed by

Betsy Masucci

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers


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