Prime-CANTON Popular Restaurant W/RE.

Canton, MA (Norfolk County)

Seller Financing Available
Prime-CANTON Popular Restaurant W/RE.
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Asking Price: Get Financing: $400,000

Cash Flow: $250,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2000

Prime-CANTON Popular Restaurant W/RE.

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Business Description

Prime Spot, South Shore: Profitable & Established Italian Restaurant 400k /Owner financing. Real Estate being appraised at Fair market value./Owner wishes to sell RE with business.
SALES VOLUME: $21K/wk,(STRONG) DELIVERY-TAKE OUT-65%.
SQUARE FOOTAGE: 1,400 sq ft, plus Full dry cellar.
HOURS OF OPERATION:: Mon-Sat 11am-9pm/ Closed Sundays,( when opened Sundays averaged approximately $3,000 per day)
SEATING 24 Inside
COMMENTS:
Prime Location, Free Standing, major state road, great traffic & visibility, easy access.
Owner occupied for 18 plus years, has underutilized Beer & Wine License.
Full dry cellar, Tight line and Kitchen, easy to operate as over 60% of sales is delivery & Take out.
Known for its great food & service , this profitable local landmark is on top of the creative food scale/scratch kitchen, fresh ingredients, fast service & delivery in this affluent area.
Open sundays ( minimum $,2500 in sales) add lottery, increase busy catering, its all here.
Get your investment back in 18 months or so. New septic system for the new owner. Contact Dennis for information and showing please --contact by email or call Bob he will be assisting Dennis on this listing.

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
18
Facilities:
Free Standing w/ parking. Real estate included in sale New septic system being installed this fall. (Home Based)
Competition:
Very little competition on their creative level,
Growth & Expansion:
Plenty of room for further growth, opening sundays will increase sales dramatically plus your bottom line.
Support & Training:
Up to 2 weeks if needed.
Reason for Selling:
Owners have other family requirements.
Home-Based:
This business is Home-Based
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(from currently available funds)
 
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Dennis Serpone

Business Listed By:
Dennis Serpone

New England Restaurant Brokers

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