Rare-Hanover-Profitable Restaurant w/ Rental & RE

Hanover, MA (Plymouth County)

Seller Financing Available
Rare-Hanover-Profitable Restaurant w/ Rental & RE
Contact Seller

Asking Price: $1,400,000

Cash Flow: N/A

Gross Revenue: $1,450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2007

Rare-Hanover-Profitable Restaurant w/ Rental & RE

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Business Description

Hanover -Profitable Restaurant w/ Valuable RE and rental Income

Look-Robust Restaurant Business w/ Rental Income..
Makes 300K Yr./Rental Income (2 Apts) Motivated Owner!
TYPE OF BUSINESS: Profitable Full-Service Restaurant-Turn key.
Location:
Greater Hanover Area. South Shore
SELLING PRICE: $395K for Restaurant/ RE / House & rentals 1 Million.
LEASE: 6000 MT PLUS NNN
SALES VOLUME 1,450.000/ UP 20% over 2018
SQUARE FOOTAGE::7200 sf. plus full dry cellar.
HOURS OF OPERATION: TUES -THURS 11AM-9PM/Weekends till 10pm/Sundays 9pm
Closed on Mondays.
SEATING ; INSIDE 174....Patio 40
COMMENTS:
Well Known, Prime Location. highly profitable Restaurant w/ function rooms to compliment the modern Dining room.
Great Cozy Bar ( recently expanded) small rooms for private occasions.and comfort,
Owner just spent 60k with a fresh new look, spectacular. Has 2 Kitchen lines, can handle lots of volume, catering, functions. Real Estate (at Fair market value)is a big plus- 2 Rental apartments for debt service ( $2000 per month)has multiple sources of income, major State road, high visibility & plenty of parking, This has been a successful restaurant for over 35 years and continues to make itself known.....A rare find.This is a True Turn Key Operation.
Contact Bob @ Bobcioffi14@gmail.com or 781-820-9288 cell./ We show on Monday mornings only with notice, Folks, this is the "Deal of the Year"
Please experience operators...NDA required.

Detailed Information

Location:
Hanover, MA
Employees:
25
Facilities:
7200 Sq ft,/3 small rooms and one major dining room/ great upgraded bar (cozy) Excellent condition, new look, many of opportunities to further enhance sales/has multiple sources of income and 2 rental properties. Plenty of Parking, major State road, easy access,Full dry basement.
Competition:
Limited, nothing like this around...Stands with its head high.
Growth & Expansion:
Sure, lots of possibilities to expand business,, especially Ruth the adjoining house and Rental income.
Financing:
some is available-negociable
Support & Training:
yes up to 2 weeks as needed.
Reason for Selling:
Owner's have other interests after 10 successful seasons.
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Contact the Seller

(from currently available funds)
 
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Bob Cioffi

Business Listed By:
Bob cioffi

NATIONAL RESTAURANT EXCHANGE

Show Phone Number

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Sponsoring Broker:
Dennis Serpone

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