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Italian Dinner Restaurant And Bar For Sale
Location: United States -> Massachusetts -> North Shore
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Asking Price: $145,000
Gross Income: $522,500
Furniture, Fixtures & Equipment: $100,000
Inventory: $8,000 (not included in the sale)
Seating: 95 person capacity.
Facilities: The Restaurant occupies approximately 4,886 square feet. Parking is on-street and in nearby parking lots.
Lease: Monthly Rent currently is $3,963 (plus RE and CAM). The buyer will have an opportunity to negotiate a new lease with the landlord.

Summary Description
Exquisitely appointed restaurant and bar that is prominently located on a high profile street in its community. Full Italian menu, including the best gourmet pizza town!

The restaurant has Full Liquor and Entertainment Licenses. Liquor presently accounts for 32% of gross sales. The kitchen is spacious and well equipped.

The restaurant is open for dinner only, 5 days a week (evening hours). Opening for lunch and/or additional days, and expanding delivery, take-out and catering all present fantastic growth opportunities. Separate areas within the restaurant are perfect for functions and catering. A new owner could feature entertainment.

This restaurant can accommodate a variety of concepts from bistro to pub. It is a perfect fit for a chef or experienced operator.

Contact Information

Wayne S. Michals
Tel: 866.970.7050, Ext. 100
Fax: 617.273.2620


Financials

Asking Price Range:  < $250K
Gross Revenues:   $522,500
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The Seller will provide a two week transition period for a buyer.
Reason For Selling:  To pursue new opportunities.




Print Listing Id: 700209064
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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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