Lakeside Restaurant Lease/Option

Hampton, MA (Hampden County)

Lakeside Restaurant Lease/Option

Asking Price:$199,000

Cash Flow:$125,000

Gross Revenue:$500,000

EBITDA:N/A

FF&E:$100,000

Inventory:$5,000*

Real Estate:N/A

Established:1982

*not included in asking price.

Lakeside Restaurant Lease/Option

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Business Description

Excellent Lakeside Opportunity!

This is a very seasonal Lakeside Restaurant/ Pub that has been operated by the same owner for 33 years. The owner is ready to throw in the towel. Recent sales are app. $10000/wk and the owner nets app $125,000 PER YEAR. There is a full Liquor License with 200 seats inside and around a 100 seat patio overlooking beautifull Lake Congamond in Southwick Mass.There is also an approved Marina License for 48 slips. This is a great opportunity for a new owner to own his own Marina and Restaurant with entertainment outside on the Patio in the summer and inside in the Winter. Endless opportunities. PROPERTY AVAILABLE AT APPRAISED VALUE> LEASE FOR $4000/Month Now with only 50k Key money!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building Sq. Ft.:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a 5000 sq ft facility, very well equipped with 150 seats upstairs 75 on the patio and 75 on the lower level.
Competition:
The Lakeside Pub/ Restaurant has been around for over 30 years and operated by the same owner. there is nothing like it in the area with its excellent Lakeside views and good food. Breakfast served on Saturdays and Sundays.
Growth & Expansion:
The primary expansion area will be a new owner introducing new and modern ideas through social media advertising and an overall cosmetic upgrade on the interior and exterior of the facility.
Financing:
Possible
Support & Training:
Owner will provide training and consulting for a 30 day period, 15 days on premises and 15 days via telephone, all at sellers expense.
Reason for Selling:
Owner is retiring

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John A. Russo Jr.

Business Listed By:
John A. Russo Jr.

Just Restaurants

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