Italian Dinner Restaurant And Bar For Sale

Listing ID: 700209064

Listing Title: Italian Dinner Restaurant And Bar For Sale

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Massachusetts


City: North Shore

Asking Price Range: < $250K

Gross Revenues: $522,500

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2010

Number of Employees: 10 - 19

Business Description:
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

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