Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$125,000	Inventory	$5,000*
Gross Income	$400,000	Real Estate	$450,000**
Cash Flow	$75,000	Year Established	2003
FF&E	$195,000*	Employees	7

* included in the asking price

** not included in the asking price

Turnkey - Owner Retiring - Act Now!

An immediate buyer could take advantage of the robust summer sales by purchasing this unique turnkey restaurant with four-season stable income. Our reputation is outstanding with water view dining, exquisite cuisine and the best live music, which keeps the bar hopping with business after dinner hours. Completely updated with a pub atmosphere, as well as elegant dining spaces on two levels, makes for a relaxed setting overlooking the adjacent lake. This allows for endless possibilities for year round dining, private functions and night time fun. Located on the MA/CT border in a growing affluent community. Sales figures support a profitable family business opportunity or a partnership.

Attachments: Download additional information (PDF)

Facilities: 3,164 sq. ft. restaurant / bar located on .014 acres of land. Seats 80. $125,000 for business, $30,000 for beer/wine/cordial license. 45 parking spaces. 3 Year lease provided by seller. Year 1, $2850/mo., year 2 $3,000/mo., year 3 $3,000/mo. (+property taxes and insurance at approx. $10,950 combined.) Security deposit required. Property option for sale $450,000. See attached PDF file for extensive list of FF&E included in sale. Cash flow does not reflect the additional tip revenue of approximately $60K.

Competition: The only restaurant / bar of its kind open during the late fall and winter months in the immediate area. Located within 3 miles of a new major housing development in a very affluent area. Nora's offers some of the area's best live music where local residents frequently dine (4-season), then stay for drinks in the pub while enjoying the evening entertainment.

Growth/Expansion: While profitable now with limited hours of operation (5 day/wk) due to owner retiring, there is great potential for additional income up to hundreds of thousands of dollars. The operating hours could be expanded to 7 days / week which would accommodate daily lunches and dinner on Monday and Tuesday evenings. Weekend breakfast would also provide great additional income.

Financing: lease option

Support/Training: Owner will provide training and consulting for 30 days, 15 on premises and 15 via telephone.

Reason Selling: Owner retiring.