Seller Financing Available

Asking Price:

$300,000

Gross Income:

$800,000

Cash Flow:

N/A

FF&E:

N/A

Inventory:

N/A

Real Estate:

N/A

Year Established:

1989

Employees:

10 varies

Business Types:

Restaurants
Other Eating & Drinking Places

Business Description

LANDMARK BUSINESS means SUCCESS from the START!
Everyone who's anyone has been here!
LOCATION: North of Boston…high traffic location
SELLING PRICE: $300K / $150K cash down

SALES VOLUME: $15K+per wk (33 hrs/wk)…25% food cost.
LEASE: $6,500/mo. includes NNN Yrs. Left: 10 yrs. + 5 yrs.

SQUARE FOOTAGE: 3,000 sq. ft. (rare to have this much space);
Full Basement as well! Parking Lot nearby!
SEATING: 125 seats
HOURS OF OPERATION: 4 pm – 9:30 pm; closed Mondays
COMMENTS
WHAT A FIND FOR A SEASONED CHEF-OWNER. One of the most respected high quality Italian Restaurants on the North Shore. Expand the bar, increase hours (only serves dinner), enhance the menu and freshen the décor to double sales volume. If you’re a professional, you’ll see how to maintain their EXCELLENT repeat clientele and at the same time, bring the business to a higher level.
Serious Buyers-Have dinner on us! “Delivers the best food time and time again for us! So much so I even take my out of town Italian parents for dinner…here and they approve as well!”
Call or email MARIE at 978-902-0350
or elle1742@yahoo.com

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

Detailed Information

Facilities:

fully sprinkled, suite of 5 dining spaces in downtown , amply equipped kitchen with over 20 burners, SS walls, dishwasher, prep equip and much more. Full basement is dry with liquor locker, changing areas, office space, dry goods storage, walk-in frig, more prep space, dough maker

Competition:

Besides great location, this establishment has fine reputation and loyal clientele.

Growth/Expansion:

Expand the bar, increase hours ( only serving dinner now), enhance the menu , freshen the decor and advertise. Chances are you can bring sales beyond double and make your dream of financial success a reality.

Financing:

Seller would consider some financing for a creditworthy buyer

Support/Training:

Buyer must have restaurant experience.

Reason Selling:

Seller has two locations and can't be in both.