Metro West-Real Estate/Restaurant&Catering Business $975k PricedToSell

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Asking Price:
$975,000

Gross Revenue:
$2,000,000
Cash Flow:
$400,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Description

METRO WEST—VALUABLE REAL ESTATE 2/3 Acre of Land
Landmark Restaurant, Lounge & Catering Business

LOCATION: Rte. 2 corridor...less than one hour from Boston

SELLING PRICE: Only 975K Real Estate Building/Land
( Restaurant & Catering Business-FREE)

SALES VOLUME $40,000 per wk. combined Restaurant & Catering Sales
(ave. 50% Restaurant & 50% Catering)

SQUARE FOOTAGE: Restaurant 7,643 sq. ft. (includes 2 Kitchens)
.66 acres of land

HOURS OF OPERATION: 7 days, 11:30 a.m. - 9 or 10 p.m.
(Liquor License-1:00 a.m.Weekly & Weekend 2 a.m.)

SEATING: 184 seats total... (90 seats in dining room)

COMMENTS: 2009 appraisal of just the Real Estate was $1M right after a $650K building extension for catering business was added. Ambience like no other! Restaurant has two cooking lines (Restaurant/Catering),unusually large freezer-refrigerator walk-in and a bar built for a large gathering. Sale also includes 5 catering trucks.

Seller has been there for over 20 yrs. and wants to spend more time with family! Strong, loyal staff of managers & employees! A seasoned operator will make a TON OF MONEY here. YOU WILL BE IMPRESSED by this organized and well run operation. If you are good at what you do, this is your dream come true!

Call , text or email Marie to see this gem: (978) 902-0350 ellesell3@gmail.com

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

About the Business

Year Established:
1996
Number of Employees:
45
Real Estate:
Owned
Building Sq. Ft.:
7,400
Facilities:
Free standing bldg. on a numbered highway. Large catering staging area with huge walk-in combo refrig-freezer.
Growth & Expansion:
Grow the bar with longer hours and increase catering business
Contact the Seller

About the Sale

Reason For Selling:
After 20 years, time to spend more time with family.
Training/Support:
Current owner is very supportive and will help as needed.

Listing Info

ID:
1488143
Ad Detail Views:
138

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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

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