North Andover-Top Quality, Profitable Italian/Brazilian Fusion $600K

Contact Seller
Asking Price:
$600,000

Gross Revenue:
$1,200,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

Italian-Brazilian Fusion, Magnificent, Upscale, Masterfully Designed
LOCATION: Andover Area , plenty of parking, strip mall, Village atmosphere

SELLING PRICE: $600K DOWN PAYMENT: $300K
SALES VOLUME: Averages $23K/wk
LEASE: $10,600 (includes NNN) (9% of sales) YRS. LEFT: 4 + 10 yr. option
SQUARE FOOTAGE: approx. 6,000 sq.ft. footprint, with 2nd floor office, storage.
HOURS OF OPERATION: 7 days; 4 -10 pm Mon.-Fri.; 1 pm -10 pm weekends.
SEATING: 144 seats

COMMENTS: Magnificent build-out, clean, perfectly maintained. Large parking lot, fully sprinkled, and long bar add to make this a great opportunity for the right operator.
A rare find outside of Boston's restaurant scene. This restaurant has the patrons comfort,expectations and palate in mind. An open kitchen, well positioned adjacent to the large dining room. A long bar is finished off with a piano in the ante area adding to the complete experience when dining. Parking is plentiful in a well lighted parking lot. NETS $300K/Yr.
For more information or if you would like to arrange a meeting please contact Tony D'Antonio at ajdantonio3@gmail.com or Rick Kezima at rkezima@gmail.com
Tony tel. # 781-475-0778 Rick tel. # 339-234-2504

About the Business

Number of Employees:
12+
Real Estate:
Leased
Building Sq. Ft.:
6,000
Lease Amount/Mo.:
$10,600.00
Facilities:
Beautifully designed bar, and open kitchen. Huge parking lot
Market Outlook/
Competition:
Boston in Suburbia-Unique
Growth & Expansion:
NO competition
Contact the Seller

About the Sale

Reason For Selling:
Owner has a long and distinguished career in the business and is retiring.
Training/Support:
Owner is fantastic , Support as long as needed and agreed upon
Seller Financing:
$300,000 at 6% , 10 yrs /negotiate

Listing Info

ID:
1488167
Ad Detail Views:
762

Contact the Seller
$
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Anthony D'Antonio

New England Restaurant Brokers

 Show Phone Number

View My Active Listings
Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

U.S. Census Data for Essex County, MA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Essex County, MA
Income

Education

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.


Similar Listings


Report an Issue 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 & Conditions.
;