Asking Price: $340,000 Gross Revenue: $925,000Cash Flow: $156,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Landmark Restaurant-Bar Function Room--first time on market in 20 years..
SALES VOLUME: $18 to 19k per week-strong & consistent
SELLING PRICE; $340K W/ 150K dn.- owner financing./.less for all certified funds
LEASE: $4,125 MT -only 5% of sales..(new lease available-option on real estate.
SQUARE FOOTAGE: 5000 sq ft ( has upstairs function room ( seats 80)w/ bar
HOURS OF OPERATION: 7 Days 4pm -1am/ sundays 11am-10pm
SEATING: (inside 90) bar seats 24-- function room seats 80.
Very popular landmark restaurant - bar-function room.. Commonly known as the neighborhood cheers south to its loyal following.Here everybody has a special bond with this successful restaurant..
Free standing, attractive w/parking, easy access, owner has owned for 20 years.
Great condition, efficient kitchen line, cozy!
Has 80 seat function room upstairs w/bar.
Sales are 60% food to liquor...more profits
Has 12 Beer lines & only 3 full time employees/great loyal staff in place will stay on.
Owner allows the restaurant to pay her personal bills.
Owner has other pressing interests and has finally decided to sell at a reduced price.
Lottery makes 45k easily each year.
Contact Bob @ 781-820-9288 or Bobcioffi14@gmail.com--Hurry, will not last!
About the Business
Number of Employees:
Building Sq. Ft.:
$4,125.00 Per Month
Building and restaurant in great condition w/ parking Has 2 bars, one with function room/12 craft beer lines. Efficient kitchen, well designed floor plan. Lease $4,125 (NNN included) Option on rel estate./new lease available.
Nothing quite like it, cozy, comfortable and lots of opportunity to expand business.
Growth & Expansion:
Growing area, great reputation.. Expand hours, and catering, functions and delivery.
South Shore-Landmark Restaurant-Bar-Function Room.
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 & Conditions.