Profitable Restaurant With Real Estate
Location:
United States
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Massachusetts
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Middlesex County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This is a great opportunity to acquire a profitable business with Real Estate at a great price. The restaurant for sale has a 15 plus year history of success and has been run absentee. They are selling to free up capital for another venture. The management team and employees are willing to stay on; this is a truly turnkey opportunity that will be profitable day one.
FACILITY: This is a 2,800 square foot facility with a bar/lounge area with a separate dining room. There is a finished basement with walk-in, storage and office.
CONDITION: The building and restaurant are in good condition
PARKING: Private lot with plenty of parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
CONCEPT: Mexican Restaurant and Lounge
SEATING: 90 seats (Capacity approximately 116)
HOURS: 11:30AM -11:30 PM Tuesday-Sunday
LICENSES: Full Liquor & C.V.
SALES: Approximately $700,000 per year
CASH FLOW: Approximately $160,000 per year
REAL ESTATE: .92 Acres zoned commercial Recently appraised for $875,000
AKING PRICE: $1,070,000 the Business & Real Estate
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$700,000
Cash Flow:
$160,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $160,000
Seller Financing: Yes
About The Business
Year Established: 1990
Number of Employees: 10 - 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
About The Sale
Management Training and Support: Training will be provided.
Reason For Selling: Seller want to free up cash for another venture.
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700112737
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