Landmark Roast Beef and Sandwich Store doing $7.5K -$8K per week.

Lynn, MA (Essex County)

Seller Financing Available
Roastbeef

Asking Price:$150,000

Cash Flow:$110,000

Gross Revenue:$400,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1996

Landmark Roast Beef and Sandwich Store doing $7.5K -$8K per week.

Get Financing Save Print Share Valuation Report

Business Description

Landmark Roast Beef and Sandwich Store in Busy Location.

TYPE OF BUSINESS: Roast Beef/Subs/Fried Foods

LOCATION: Prime location located on busy Main Street. Plenty of traffic and ample parking.

ASKING PRICE: $140,000 Down payment: 50%

SALES VOLUME: $7,500 - $8,000.wk Take-out N/A
RENT: $2913 Includes NNN Lease Negotiable + options
SQUARE FOOTAGE: 2700sq.ft.
SEATS: 34

HOURS OF OPERATION: Mon-Sun 10:30 AM – 2:00AM

EMPLOYEES: 5-7 REAL ESTATE: No

COMMENTS: Landmark Roast Beef and Sandwich Store that has been in this location for 38 years. Store is making $7,500K per week and currently does no delivery. Adding delivery should increase sales. Equipment is fairly new and in great shape. Large basement with plenty of storage space.
Call or email Tim Barry. 978-473-1751 tbarry@barryrealtygroup.com NDA Required

ALL INFORMATION IS FURNISHED BY SELLER; FINANCIAL BUSINESS BROKERS DOES NOT CERTIFY OR WARRANT THIS INFORMATION

Detailed Information

Employees:
7
Facilities:
Store is located on busy main street with ample parking. Business has been established for 38 years. Equipment is fairly new and is great condition. Total space is 2700 sq. ft. with large basement for storage.
Competition:
This business has been established for 38 years and is well know. It is located in a busy area with ample parking.
Growth & Expansion:
Adding delivery and advertising to this business should increase profits.
Financing:
50%
Support & Training:
Owner is willing to train the new owners.
Reason for Selling:
Wants to Retire. Children do not want to take over business.

Listing Statistics for Premium Members

Ad#:1241133 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Tim Barry, Rich Canzano and Steven Vaciliou

Business Listed By:
Tim Barry, Rich Canzano and Steven Vaciliou

Financial Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


DRNK coffee + tea / QWENCH juice bar

Franchise Opportunity
Capital Required: $264,000