Methuen/Haverhill R.E. Restaurant Package $625K

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Asking Price:
$625,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$550,000
included in asking price

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Business Description

REAL ESTATE & LAND FOR SALE- $625,000
Make a reasonable offer!

Includes a Business -Your option to Keep Business, Change Concept or change to Other Retail if desired.

TYPE OF BUSINESS: Currently has an operating Full Service Restaurant w/ Liquor License/Short week & hours

LOCATION: Methuen/Haverhill Area on almost 2 acres (80,150 sq. ft.) of buildable land right off of major road. 50 space Parking Lot. Dense Population with more residential& commercial building going on.

Why LEASE when you can own?

SQUARE FOOTAGE: (Restaurant) 3,100 sq. ft.
(Retail or Residence Alternative)
BUILDING-4418 sq. ft.
LAND - 1.840 acres Zoned: RR
3-rm. APARTMENT 2nd floor w a functioning bathroom, Full Basement,

COMMENTS: Owner plans to re-locate.
Great piece of PROPERTY w/ Full service Restaurant and Bar in place.
All new flooring and new roof.

PERFECT SET-UP for a seasoned chef with family
or
alternately, a DEVELOPER!

Grandfathered in for Business or Residential.

STRONG UPSIDE: Build Current Business or Build Retail of your choice.

Call or email Marie to tour! 978-902-0350 ellesell3@gmail.com

ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.

About the Business

Year Established:
2010
Number of Employees:
4-9
Real Estate:
Owned
Building Sq. Ft.:
4,418
Facilities:
$100,000 spent on updating!
Market Outlook/
Competition:
Become your own Landlord !
Needs an Experienced Owner/family business or Lease Restaurant to an Experienced owner and collect rent!
Growth & Expansion:
There is a very significant upside to building your profit: Increase Business to Full time, build up bar and catering business, or change to a residential opportunity
Contact the Seller

About the Sale

Reason For Selling:
Owner wants to spend more time w/ family and plans to also move out of country
Training/Support:
2 weeks
Seller Financing:
Approximate R.E. Value

Listing Info

ID:
1471286
Ad Detail Views:
59

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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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