South Shore-Landmark Restaurant-Bar-Function Room.

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Profitable-Landmark Restaurant-Bar-Function Room
Asking Price:
$340,000

Gross Revenue:
$925,000
Cash Flow:
$156,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

LOCATION-South shore
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.
COMMENTS:
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

Location:
Abington, Massachusetts
Year Established:
1999
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$4,125.00 Per Month
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Owner has other interests after 20 successful years.
Training/Support:
yes , up to 2 weeks if necessary.
Seller Financing:
yes for qualified buyer

Listing Info

ID:
1670429
Ad Detail Views:
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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


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