SALE PENDING~~-Wilmington~~ Price Drop Sports Bar W/ Pizza Parl
Business Description
TEWKSBURY-WILMINGTON~~PRICE DROP SPORTS BAR W/ PIZZA PARLOR
SELLING PRICE: $599,000 DOWN PAYMENT: $150K
SBA financing readily available…sellers motivated…make an offer.
SALES VOLUME: $1.1M ($25K/wk.)
LEASE: $6,300/mo. gross
SQUARE FOOTAGE: 4,000 sf. (separate bar area for private parties up to 99 people)
HOURS OF OPERATION: 6 days; closed Monday, most days 11 am – 11 pm
SEATING: 52 pizza 64 pub (99 max)
Estimated Annual Net Profit: $250K/yr
REASON FOR SELLING: retiring after 30 yrs.
COMMENTS: In operation for the last 32 years on a very busy numbered route in the Tewksbury/Wilmington area. The pub was recently added and has a great sports bar look with lots of TV’s and seating up to 99 patrons. Each partner gets $150K salary and feels it is time to retire. Real Estate may become available through an option of first refusal. What’s missing is Keno! Add keno and arcade games and you will increase sales and profit unbelievably.
This is the most successful pizza pub in the region.
SELLING PRICE: $599,000 DOWN PAYMENT: $150K
SBA financing readily available…sellers motivated…make an offer.
SALES VOLUME: $1.1M ($25K/wk.)
LEASE: $6,300/mo. gross
SQUARE FOOTAGE: 4,000 sf. (separate bar area for private parties up to 99 people)
HOURS OF OPERATION: 6 days; closed Monday, most days 11 am – 11 pm
SEATING: 52 pizza 64 pub (99 max)
Estimated Annual Net Profit: $250K/yr
REASON FOR SELLING: retiring after 30 yrs.
COMMENTS: In operation for the last 32 years on a very busy numbered route in the Tewksbury/Wilmington area. The pub was recently added and has a great sports bar look with lots of TV’s and seating up to 99 patrons. Each partner gets $150K salary and feels it is time to retire. Real Estate may become available through an option of first refusal. What’s missing is Keno! Add keno and arcade games and you will increase sales and profit unbelievably.
This is the most successful pizza pub in the region.
About the Business
- Years in Operation
- 33
- Currently Relocatable
- Yes
- Facilities & Assets
- Prime location on a very heavily traveled numbered route. Very visible small strip mall with plenty of parking. In a nice neighborhood with both residential and mom and pop commercial space. The pub was recently added with all brand new equipment and fixtures, the kitchen is impeccably maintained . Comedy club recently added. ARCADE GAMES WOULD BE A MAJOR MONEY MAKER.
- Market Outlook / Competition
- Some in the area but no pubs in close proximity
- Opportunities for Growth
- Adding Keno would be a huge hit!
Add arcade games, pin ball for huge profits and a big draw.
Comedy nights are huge.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- As needed
- Financing Options
- $150,000 Down Payment, Bal. for 5 yrs at 6% interest
Listing Info
- ID
- 2305131
- Listing Views
- 1859
Attached DocumentsAttachment Disclaimer
Listing ID: 2305131 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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