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Restaurant Lounge Entertainment Money Maker
Location: United States -> Massachusetts -> Georgetown
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

What a find!

TYPE OF BUSINESS: RESTAURANT, SPORTS LOUNGE , Your Concept

LOCATION: GEORGETOWN AREA, NORTH SHORE

SELLING PRICE: $175,000 with $100K down (Below Market Value)
MAKE A REASONABLE OFFER

SALES VOLUME: $13K - $15K/wk (60% food)

NUMBER OF SEATS: 247 seats in the dining rooms and lounge
Room for expansion: additional 200 seats in the unfinished function room (vaulted ceiling and separate entrance).

LEASE: $4,200/mo YRS. LEFT: 15 +15

SQUARE FOOTAGE: 6000 square foot Restaurant Bldg. is 12,000 square feet (2 floors.) on a 2 acre lot.

HOURS OF OPERATION: 11 am - 11 PM; till 1 AM weekends

COMMENTS
- This is a fabulous property.
- Active bar for sports, game room (nets $1K per month),
- Keno license due this month.
- Located on a large beautiful pond, the setting is perfect for outdoor patio.
- The best of both worlds...restaurant with a big bar area and entertainment on the weekend

- Competition: Affluent area supports quality and value.

- Financing: Some seller financing may be available for credit worthy buyer
- Support/Training: Limited support during transitional period will be provided.
- Reason Selling: Time constraints in operator's life preclude full time management.


If interested, please email or call Marie 978-902-0350.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $600,000
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  Included in asking price.
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  1 month during transition
Reason For Selling:  New career

Photos

View Larger Photo(s) Of Business
Restaurant Lounge Entertainment Money Maker Photo 1 Restaurant Lounge Entertainment Money Maker Photo 2 Restaurant Lounge Entertainment Money Maker Photo 3




Print Listing Id: 700187326
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Massachusetts Businesses For Sale > Massachusetts Franchises For Sale > Massachusetts Business Brokers



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