THE REAL STEAL! Methuen-Restaurant/Bar ASSET SALE $59,900 Sales$12Kwk

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Asking Price:
$59,900

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: YOUR CONCEPT
WOW! ASSET SALE ASSET SALE LOW PRICE
READY FROR YOUR CONCEPT!
SAVE TONS OF MONEY-BUILDOUT DONE
Presently a Unique &Successful Latino Restaurant/Full Liquor/Bar
w Strong Sales Low Rent Ratio

LOCATION: Haverhill/Methuen Area Very busy main road, parking lot
SELLING PRICE: $59, 900 CASH
SALES VOLUME: 12K+ ave. % DELIVERY: None
LEASE: $2890. Rent Ratio only 5% to 6%
NNN $850 YRS. LEFT: 4 w/ 3 -5 yr. options

SQUARE FOOTAGE: 1368 sq. ft.
(2 bathrooms-handicapped accessible)

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: OWNER PLANS TO MOVE TO A LARGER LOCATION with NAME INTACT so this has become an ASSET SALE! Beautiful build-out . Opened in 2017 and the overall trend has been straight up. With a fast and loyal following, sales in early fall topped off at close to $15k a week. Up to code . An experienced hands on operator will take this to top. Plenty of upside by building up catering and/or bar hours.
Call , text or email Marie to view this location. 978-902-0350 ellesell3@gmail.com

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.
ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.

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:
Check out location for your concept!
Growth & Expansion:
Grow Liquor business, build catering, potential to physically expand location (landlord may lease 3000 sq. ft. of space for extended buildout)
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About the Sale

Reason For Selling:
Needs Larger Location
Training/Support:
2 weeks training if needed
Seller Financing:
CASH SALE

Listing Info

ID:
1471282
Ad Detail Views:
1179

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Business Listed by

Dennis Serpone

New England Restaurant Brokers

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