Extremely Successful, Well Established Breakfast and Lunch
Business Description
Extremely successful, well?established turnkey breakfast & lunch restaurant just outside Stoneham Center — a beloved local destination owned by a respected town family. Recent updates throughout the past three years; all fixtures, furnishings and equipment included. Significant upside: current operation does not utilize its full liquor license and is not open for dinner, creating immediate revenue expansion opportunities. Approvals for residential developments of 70+ condos/apartments are just a 30?second walk away, and planned Town Square revitalization will further boost foot traffic.
Key features
-Proven, profitable neighborhood eatery with strong local reputation
-All FF&E included in sale
-Liquor license* in place (transfer may require background checks/re?application)
-Not currently open for dinner — ready for concept expansion
-70+ new residences adjacent; Town Square revitalization upcoming
-Recent updates completed within last 3 years
Serious buyers only: financials and lease details provided after an introductory meeting with owners and a signed NDA. For inquiries and to schedule a meeting, contact Listing Agent Craig J. Celli, 781-438-1234 or email: craigjcelli@gmail.com
*Liquor license not automatically transferred. According to Town, new owner has to apply for it. As long if they qualify, they will receive it. Town currently has 3 available full liquor licenses/5 available bee/wine licenses. Process can be started with town and completed within 30 days. Then it will be turned over to the ABCC which that time frame could be anywhere from 1 week to 4 months generally.
Key features
-Proven, profitable neighborhood eatery with strong local reputation
-All FF&E included in sale
-Liquor license* in place (transfer may require background checks/re?application)
-Not currently open for dinner — ready for concept expansion
-70+ new residences adjacent; Town Square revitalization upcoming
-Recent updates completed within last 3 years
Serious buyers only: financials and lease details provided after an introductory meeting with owners and a signed NDA. For inquiries and to schedule a meeting, contact Listing Agent Craig J. Celli, 781-438-1234 or email: craigjcelli@gmail.com
*Liquor license not automatically transferred. According to Town, new owner has to apply for it. As long if they qualify, they will receive it. Town currently has 3 available full liquor licenses/5 available bee/wine licenses. Process can be started with town and completed within 30 days. Then it will be turned over to the ABCC which that time frame could be anywhere from 1 week to 4 months generally.
About the Business
- Years in Operation
- 19
- Employees
- 13 (5 Full-time, 8 Part-time)
Many if not all would like to stay on - Facilities & Assets
- All Fixtures, Inventory, Furnishings and Equipment that currently exists within the restaurant are included in the sale.
- Market Outlook / Competition
- This breakfast and lunch restaurant is the best of it's kind in the town it is located.
- Opportunities for Growth
- The current financials do not include the use of it's current liquor license*. The business also is not currently open from 230pm into the Dinner hours.
*Liquor license not automatically transferred. According to Town, new owner has to apply for it. As long if they qualify, they will receive it. Town currently has 3 available full liquor licenses/5 available bee/wine licenses. Process can be started with town and completed within 30 days. Then it will be turned over to the ABCC which that time frame could be anywhere from 1 week to 4 months generally.
Real Estate
- Owned or Leased
- Leased
- Rent
- $3,600.00 per month
- Lease Expiration
- 8/31/2032
About the Sale
- Seller Motivation
- Owner's wishes to sell
- Transition Support
- Initial transition training of operations and staff at time of sale, but not ongoing.
Listing Info
- ID
- 2471835
- Listing Views
Listing ID: 2471835 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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