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Excellent Metro West Restaurant
Location: United States -> Massachusetts
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Well-known italian restaurant and bar Located in the heart of restaurant row in Worcester, MA. This restaurant has been a staple in the city for many years and has a loyal following. Close to colleges, hospitals, entertainment and convention area. The restaurant is in turn-key condition and perfect for a chef owner operator. Very nice interior with a full bar, beautiful outside patio area with bar and table seating for 40 plus. Sales are strong and consistent. Sellers are tired and want to move on.
PARKING: Private lot and street parking
EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.
LEASE TERM: Two (2) years remaining (with Five year options available)
BASE RENT: $2,700 per month (plus triple nets)
CONCEPT: Italian Restaurant Bar
SEATING: Capacity of 45 persons inside plus an additional 40 seats in warmer months
SIZE: 2,000 square feet
HOURS: 11:30 AM - 10:00 PM
LICENSES: Full Liquor (1:00 AM)
SALES: $445,000 / per year
CASH FLOW: $92,000 / per year
ASKING PRICE: $249,000 (For the Business)


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $445,000
Cash Flow:   $92,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  Sellers want to move on.




Print Listing Id: 700217265
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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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