Profitable Breakfast and Lunch Spot - [UNDER AGREEMENT]

Essex County, MA

Seller Financing Available
Profitable Breakfast and Lunch Spot - [UNDER AGREEMENT]

Asking Price:$269,000

Cash Flow:N/A

Gross Revenue:$750,000

EBITDA:N/A

FF&E:$60,000

Inventory:$10,000*

Established:N/A

*not included in asking price.

Profitable Breakfast and Lunch Spot - [UNDER AGREEMENT]

Get Financing Save Print Share Valuation Report

Business Description

[UNDER AGREEMENT]

Profitable Breakfast and Lunch spot located in an upscale community on the North Shore. The restaurant is situated on a busy street right in the heart of downtown!

The restaurant serves an easy, standard breakfast and lunch menu, with daily specials. Easy (short) hours, seven (7) days a week, 6:00 AM – 2:00 PM. The restaurant features a beer and wine license, which is great for those busy weekend brunches.

The restaurant has approximately 70 seats, plus a seasonal outdoor patio. The (newer) build-out is spotless and attractive, featuring both table and counter seating. The restaurant is very well maintained and the equipment is clean and in good shape.

The restaurant’s atmosphere is warm and inviting, which helps to explain this restaurant’s local popularity (as does being recognized for serving the "best breakfast" in town!). Sales have increased during each of the last three years.

Monthly rent is $4,000 (only 6.5% of gross sales!), plus modest triple nets. There are six years remaining on the lease.

This the best breakfast and lunch restaurant we have had in quite some time. It would be perfect for an experienced operator and as a family run operation. Turn the key and start making money on your first day! This restaurant will sell quickly, so do not miss out.

Call us today for all the exciting details!

Wayne S. Michals
866.970.7050, Ext. 100

------------------------------------------------------------------------
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

Inventory:
Not included in asking price
Employees:
7 f/t, 9 p/t
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 2,300 square feet, plus large basement storage. The Restaurant is very near public parking, plus there is abundant on-street parking.
Financing:
Limited Financing for a Qualified Buyer.
Support & Training:
The Seller will provide a 2 week transition period.
Reason for Selling:
Family Obligations.

Listing Statistics for Premium Members

Ad#:1225150 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 & conditions before responding to any ad.

Contact the Seller

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

Wayne S. Michals

Business Listed By:
Wayne S. Michals

Ascend Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Extreme Pizza

Franchise Opportunity
Capital Required: $214,200