Prime Restaurant and Tavern for Sale

Norfolk County, MA

Seller Financing Available
Prime Restaurant and Tavern for Sale
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Asking Price: Get Financing: $395,000

Cash Flow: $250,000

Gross Revenue: $1,800,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: N/A

Prime Restaurant and Tavern for Sale

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Business Description

Profitable restaurant and tavern located in a densely populated community on the South Shore. This landmark restaurant has a long history of success. The restaurant is prominently located on a busy, main street near major routes.

Highly visible and attractive free standing building with a large parking lot. Exceptional kitchen and prep areas. Attractive build-out, featuring a warm distinctive bar, as well as spacious dining areas. Ambiance abounds throughout – too many features to list!

The menu consists of standard American dishes and pub fare. The Restaurant serves a full lunch and dinner menu. Liquor accounts for approximately 30% of the gross sales.

The Restaurant has full liquor and entertainment licenses. Excellent opportunities to expand hours, take-out, delivery, and catering!

GENERAL INFORMATION:
ASKING PRICE: $395,000
GROSS INCOME: $1,800,000+
CASH FLOW: $250,000+
CAPACITY: 200+ patrons
FACILITIES: The Restaurant occupies approximately 5,000 square feet
BASE RENT: Monthly Rent currently is $10,360, plus NNN
LEASE TERM: Six (6) years remaining on lease
EQUIPMENT: The equipment is of good quality and has been well maintained
INVENTORY: Approximately $40,000 (NOT included in asking price)
EMPLOYEES: 42
HOURS: Open daily for lunch and dinner
SELLER FINANCING: Limited seller financing for a qualified buyer.

This is a rare turn-key opportunity for the right buyer(s). Sales information and profitability may be verified by filed tax returns. The Seller’s Discretionary Earnings would easily support a full-time manager. Ideal opportunity for a variety of buyers, including chef owner/operators, experienced restaurant owners and managers, etc.

The location of Restaurant will be disclosed to highly qualified buyers only. Viewings of the “Back of the House” are by appointment only. Prospective buyers will be required to first complete a Confidentiality Agreement.

This is an Ascend Business Brokers exclusive listing. Please contact us today for all the exciting details!!!

Wayne S. Michals
866.970.7050, Ext. 100

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All information, including, without limitation, that concerning gross sales, income and/or expenses has been provided by the seller, has not been independently verified by the broker, and is subject to "errors and omissions." The broker makes no representations or warranties whatsoever (either express or implied) concerning any of the information regarding the business. This business is subject to withdrawal from the market at any time, for any reason or for no reason.
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Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Support & Training:
The Seller will provide a two week transition period for a buyer.
Reason for Selling:
New business ventures
Business Website:
http://www.ascendbrokers.com/Restaurants_for_Sale.html
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Wayne S. Michals

Business Listed By:
Wayne S. Michals

Ascend Business Brokers

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