Picturesque Tavern with great Cash Flow & Real Estate

Berkshire County, MA

Picturesque Tavern with great Cash Flow & Real Estate

Asking Price:$1,990,000

Gross Revenue:$1,650,000

Price/Sq. Ft.:N/A

NOI:$450,000

Building Sq. Ft.:N/A

FF&E:N/A

Year Built:N/A

Picturesque Tavern with great Cash Flow & Real Estate

Get Financing Save Print Share Valuation Report

Property Description

Tremendous Opportunity to purchase a very profitable Tavern with valuable and cash flowing Real Estate. This long established Tavern is located in a very fashionable and picturesque town in the Berkshires. Easily the most popular place in the bustling downtown area; it is the perfect place to eat, drink, watch the game and have fun. The Tavern has been completely renovated and is in excellent condition. The business itself is netting more than $350,000 per year and sales have continued to grow over the past seven years in spite of the bad economy. The Real Estate is valued at $1,300,000 and has gross rental incomes of $12,000 – 14,500 per month. 2 Apartment have been completely renovated, new bathrooms and kitchens. Floor to ceiling overhaul. This is truly a gem that is a must see.
REAL ESTATE: The Real Estate value is $1,300,000. The structure consists of two commercial and four residential units with gross rental income of $12,000 – 14,500 per month.
PARKING: Private lot and on-street parking available
EQUIPMENT: The equipment is brand new, top of the line and has been maintained.
BASE RENT: $8,000 per month NNN (Current rent the operator is paying himself, this is well below market)
CONCEPT: Tavern & Restaurant
SEATING: Seating for 90 persons inside and 46 persons outside.
HOURS: 7:00 AM – 11:00 PM
LICENSES: Full Liquor & Entertainment licenses 1:00 AM

Detailed Information

Type:
Retail
Building Status:
Established
Facilities:
The building is approximately 7,200 square feet. The Tavern has seating for 90 persons inside and 46 persons outside. The Tavern has been completely renovated and is “turn-key.”

Listing Statistics for Premium Members

Ad#:1284071 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

Todd Smith

Property Listed By:
Todd Smith

Corbett Restaurant Group

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


CMIT Solutions, Inc.

Franchise Opportunity
Capital Required: $129,200