Fabulous Opportunity to own a Great North Shore business!

Lynn, MA (Essex County)

Seller Financing Available
Fabulous Opportunity to own a Great North Shore business!
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $35,000

Inventory: N/A

Real Estate: $700,000*

Established: 1974

*not included in asking price.

Fabulous Opportunity to own a Great North Shore business!

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Business Description

Well Established North Shore Restaurant Business

Well established family owned business on a high traffic street on the North Shore. Owners have built a profitable business with a loyal and consistent customer base in a strong location. Long established roast beef/plus restaurant with strong cash flow. Profitable fast food restaurant with indoor seating, completely equipped kitchen offering multiple revenue streams. Store is easy to operate, menu items include roast beef sandwiches, salads, steak tips, chicken kabobs, pasta, seafood and more. Turn key operation with huge opportunity to expand with addition of pizza ovens, expansion of delivery and catering

OPTION TO PURCHASE BUILDING

Non disclosure to be signed by prospective buyers

Attached Documents


Detailed Information

Location:
Lynn, MA
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,281
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business established for over 40 years, new building built 2008 Lot size 3,338 sq. ft. Ample on street parking Indoor seating for 23 up to 28 Fully equipped kitchen with sale, Food Tek POS systems, TVS, refrigerators, seating Full website with over 4k contacts $4,000/ month rent, triple net, OPTION TO PURCHASE BUILDING AVAILABLE
Competition:
Business is located on a high traffic route with over 20,000 cars per day, prime corner lot intersecting 2 busy streets. Two schools within walking distance Over 18,000 residents within same zip code, over 90,000 city wide
Growth & Expansion:
Huge opportunity for growth with addition of pizza ovens, space is available for easy addition on 1-2 double stack ovens, increase in delivery and catering for additional growth
Financing:
financing negotiable, option to purchase buidling available
Support & Training:
Support and Training needs can be discussed with Sellers to meet the Buyers needs
Business Website:
http://johnsroastbeef.com
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Business Listed By:
courtney markos

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