Popular Restaurant and Bar

Middlesex County, MA

Popular Restaurant and Bar

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:$450,000





*not included in asking price.

Popular Restaurant and Bar

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Business Description

This is a fantastic opportunity to acquire a popular neighborhood restaurant and bar. The restaurant is located north of Boston, in the greater Wakefield, Reading, and Stoneham area.

This location would be a huge moneymaker for a variety of concepts, such as pub, Italian, Indian, Asian or just about any ethnic cuisine.

This restaurant is situated in a bustling location near tons of activity generators and commuters. It is licensed for over 70 patrons. The restaurant was substantially renovated in 2012, including the kitchen. The resulting build-out is top notch, featuring a distinctive custom bar and raw bar. The equipment is clean and in great condition.

The restaurant presently is operated as a dinner restaurant, open only five (5) evenings per week.

The restaurant operates under full liquor and entertainment licenses. Liquor, including beer on draft, accounts for approximately 25% of gross sales. The bar features a variety of increasingly popular signature cocktails. There are various types of entertainment, including live music on the weekends.

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All information, including, without limitation, that concerning gross sales, income and/or expenses has been provided by the seller, has not been independently verified by the broker, and is subject to "errors and omissions." The broker makes no representations or warranties whatsoever (either express or implied) concerning any of the information regarding the business. This business is subject to withdrawal from the market at any time, for any reason or for no reason.

Detailed Information

Not included in asking price
10 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The Restaurant occupies approximately 3,000 square feet. Parking is abundant. Monthly Rent presently is $2,850, plus triple nets. There are seven years remaining on the lease.
Support & Training:
The Seller will provide a 2 week transition period.
Reason for Selling:
The Seller wishes to pursue new business ventures.

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Wayne S. Michals

Business Listed By:
Wayne S. Michals

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