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Italian Full Service Restaurant
Location: United States -> Massachusetts -> Gloucester
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

LISTING INFORMATION:

TYPE OF BUSINESS: ITALIAN FULL SERVICE RESTAURANT,
DOWNTOWN GLOUCESTER, MA


SELLING PRICE: $115,000

SALES VOLUME: Previously doing $16K/wk

LEASE: Approx. $4,300/m first year (including NNN)
SQUARE FOOTAGE: Approximately 2,300 sf.

HOURS OF OPERATION: 11 am – 10 pm, 7 days

SEATING: 120 seats, including large separate function space with service galley

COMMENTS: Fantastic opportunity to own in downtown Gloucester, MA. Presently closed due to other business requirements. Turnkey, beautifully updated Italian restaurant located only two blocks from the ocean. This restaurant is 2,300 square feet, fully remodeled kitchen and dining rooms that can accommodate over 100 patrons. This business holds a beer & wine license as well as a seasonal full liquor license. TTT lease $4,300/month. Private parking is available next to business. Full basement for excellent storage space. Updated with brand new alarm system, new AC and heat system and dishwasher. Separate beautiful function room that includes a service galley to host private events. Endless possibilities. Great potential in a quant seaside location.

Call Jen at 978-828-0939 to see your next business.

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  Full year beer & wine license seasonal full liquor.
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Available if needed




Print Listing Id: 700235622
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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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