Profitable Roast Beef and Seafood Business. $11-12K per week

Bradford, MA (Essex County)

Seller Financing Available
Profitable Roast Beef and Seafood Business. $11-12K per week

Asking Price:$229,900

Cash Flow:$343,200

Gross Revenue:$528,000

EBITDA:N/A

FF&E:$50,000

Inventory:$25,000*

Established:1987

*not included in asking price.

Profitable Roast Beef and Seafood Business. $11-12K per week

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Business Description

This may be the business opportunity you have been looking for? Here is a busy roast beef and seafood restaurant that has been a local landmark for over 40 years and is situated on a corner lot in the center of town. Plenty of private, off-street parking. Keep the current menu or add your own concept for increased sales. Price includes business, furniture, fixtures and equipment. Owner Motivated !!

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Detailed Information

Inventory:
Not included in asking price
Employees:
10 part-time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This restaurant facility is located in the center of town on a corner lot with excellent street visibility and 15 private parking spaces. At over 1400 square feet, the interior has a 24-seat capacity, restroom, manager's office, an efficient chef line with full Ansul venting and a large backroom for storage and additional food preparation. As a turnkey operation, this business comes with everything the new owner will need to be successful including equipment, utensils and a 40+ year history of loyal customers.
Competition:
Although there are competitors in the area, this business stands out due to its long history, local following and prominent location in town. In addition, the private, off-street parking lot is a real advantage for a business in this high traffic area.
Growth & Expansion:
This business is well known for quality roast beef, salads and seafood but a new owner could increase sales with the addition of new items such as pizza and a breakfast menu. Increased delivery service and a slight increase in prices could add even more profit to the bottom line.
Financing:
Negotiable
Support & Training:
The owner is willing to train for a short term following the sale in order to provide a smooth transition for the buyer.
Reason for Selling:
Owner retiring.

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Tim Larrabee

Business Listed By:
Tim Larrabee

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Sponsoring Broker:
Tim Barry, Rich Canzano and Steven Vaciliou

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