Methuen- $12K+sales LatinRestaurant/Bar $150K

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Asking Price:
$150,000

Gross Revenue:
$600,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

TYPE OF BUSINESS: Successful Latino Restaurant/Full Liquor/Bar

LOCATION: Methuen...
Very busy main road, parking lot

SELLING PRICE: $150K DOWN PAYMENT: 50%

SALES VOLUME: $12K+/wk average. % DELIVERY: None

LEASE: $2890.(Rent Ratio 4%-5% of sales) NNN $850.
YRS. LEFT: 4 w/ 3 -5 yr. options

SQUARE FOOTAGE: 1368 sq.ft.
(Option may be available for another 3000 sq. ft. of space)

HOURS OF OPERATION: Mon-Wed 11:30-9 Th-Sat. 11:30-10 Sun 11:30-8
1:00 a.m. Liquor License
SEATING: (inside 52 seats) (outside 12 seats)

COMMENTS: Turn-Key , strong business and updated build-out selling at BELOW MARKET PRICE. Bldg. is up to code including 2 bathrooms-handicapped accessible. An experienced hands on operator can walk in and make $ right away! Plenty of upside by building up catering and/or bar hours. Internal conflict is causing this very reluctant sale!
Serious Buyers ONLY Call, text or email Marie to view this location.
978-902-0350 ellesell3@gmail.com

About the Business

Year Established:
2017
Number of Employees:
5- 6
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,368
Facilities:
Well done, dining room w/ bar
Market Outlook/
Competition:
Unique blend of several Latin cuisines. Becoming most popular Latino Restaurant in the area.
Growth & Expansion:
Grow Liquor business, build catering, potential to physically expand location
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About the Sale

Reason For Selling:
Internal differences
Training/Support:
2 weeks training
Seller Financing:
50%

Listing Info

ID:
1471282
Ad Detail Views:
596

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Business Listed by

Marie Feudo

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

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

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U.S. Community Survey Data for Essex County, MA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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