NANTASKET BEACH-Incredible Waterfront Restaurant-Bar-Functions

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Asking Price:
$400,000

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

Real Estate:
$1,200,000
included in asking price

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Business Description

SOUTH SHORE Waterfront WATERING HOLE-Restaurant-Bar-Nightclub-Functions Wow! Can't miss/opportunity of a Lifetime.!

SELLING PRICE: $1.6M ( real estate recently accessed at 1.2M+Business value of $400k =1.6M ......SBA Financing readily available. Priced right..OR...just buy the business now for $400K with ONLY $150K cash now,buy RE later.

SALES VOLUME: $1.2 M per year-open year round...can be seasonal.

SQUARE FOOTAGE: 8,000 sq ft footprint, 2 1/2-floors w/elevator. 3 BARS-2 kitchens...HUGE OUTSIDE DECK OVERLOOKING THE OCEAN.
HOURS OF OPERATION: 11am-1am...7 days in season
SEATING: 200 Inside - 100 Outside patio

COMMENTS: The biggest waterfront watering hole on the south shore.
Municipal parking lot next door....3 bars, popular local bands. Hot spot!
55% food-45% liquor. if you have the right management team and $200k for a down payment, this could be yours. see it now, buy it tomorrow, get ready for a Crazy busy season this summer. Add awning and heaters over outside patio and go thru November, nothing like it anywhere,/ Owners have been in a retiring mode for years,

Gross sales several years ago when owners were really inspired topped $2.6 M.you'll see the value when you walk through.

Call Bob @ 781-820-9288 -Bobcioffi14@gmail.com-or Dserpone@comcast.net (listing broker) Perfect timing for 2018! Non disclosure agreement required.

About the Business

Year Established:
1997
Real Estate:
Owned
Building Sq. Ft.:
8,300
Facilities:
2.5 Floors/ has elevator/outside patio/3 bars/overlooking the beach!
Website:
NERestaurantBrokers.com
Market Outlook/
Competition:
Nothing quite like this,
Growth & Expansion:
Opportunity to change concept, possible re zone and put apartments /condo's down the road with due diligence.
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About the Sale

Reason For Selling:
owners are retiring
Training/Support:
up to 2 weeks
Seller Financing:
$250,000

Listing Info

ID:
1447478
Ad Detail Views:
1498

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$
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Business Listed by

Bob Cioffi

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

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

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U.S. Community Survey Data for Plymouth 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.


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