Busy take-out/dine-in restaurant convenient to 128, Routes 1 & 1A

Norwood, MA (Norfolk County)

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Asking Price: $125,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,440 /Month

Established: 2014

Busy take-out/dine-in restaurant convenient to 128, Routes 1 & 1A

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Business Description

Turn-key, restaurant with year over year growth SW of Boston

This is a family run, successful business with the owners wishing to retire and allow another owner to prosper in their place. This +/-2,000 sq. ft. space has recently been remodeled to include a digital menu board with the owner continuing to make improvements. The restaurant is located equidistantly between 2 public parking fields in addition to ample curb parking.

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Detailed Information

Location:
Norwood, MA
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
5/31/2024
Employees:
4
Facilities:
The ovens and other equipment are most suitable for Italian, Greek and Middle Eastern cuisine. Extensive catering equipment is included as part of the transaction. This +/-2,000 sq. ft. space has a full basement where a pizza dough production room is located. The 5 year lease has just been renewed with another 5 year option available. There is a lovely seating area with a small service bar (currently not in use), buffet area and open-air side-walk windows.
Competition:
This restaurant is the only one of it's kind in the neighborhood and immediate environs. This restaurant is located convenient to 128 and Routes 1 & 1A.
Growth & Expansion:
Year over year sales have increased and continue to grow on an upward trajectory.
Financing:
Some owner financing available under the right conditions.
Support & Training:
The seller is willing to train the buyer while paying them for their labor. Some owner financing available under the right conditions.
Reason for Selling:
Retiring
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Business Listed By:
Judith Terrio

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