Rte. 38, TEWKSBURY -$20K/wk rest. for $100k with real estate package

Tewksbury, MA (Middlesex County)

Seller Financing Available
FULL LIQUOR
Contact Seller

Asking Price: $1,200,000

Cash Flow: $200,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,100,000

Established: 1989

Rte. 38, TEWKSBURY -$20K/wk rest. for $100k with real estate package

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Business Description

RESTAURANT, BAR, REAL ESTATE at way less than Fair Market Value

ONLY $100,000 FOR A VERY POPULAR FULL SERVICE RESTAURANT +REAL ESTATE PACKAGED at FAIR MARKET VALUE.... FULL LIQUOR LICENSE.
Rte. 38, Chelmsford – Tewksbury Area 25,000 cars/day pass by every day.

SELLING PRICE: $100K for the business and with a recent appraisal on the real estate at $1.1M total package is set at $1.2 million ($200K SELLER FINANCING is available...SBA bank financing is available)

SALES VOLUME: $18,000 - $20,000 per wk.

FOOTAGE: 6,000 sf+ SEATING: 250 seats
HOURS OF OPERATION: Mon-Sat 5:30 AM – 8:30 PM Sun: 6 AM – 7 PM

COMMENTS: This is the place the seasoned operator has been waiting for. Operating
for 30 years. Clean, organized and turning a great profit. Located on a very busy numbered main road and close to 2 interstate highways. Makes a profit with early closing time and an under-utilized full liquor pub inside the premises..

After 30 years NOW is the time for the owners to retire. The business and the real state are ready for the next successful operator. Unlimited parking. Keep the same concept and add to the already established menu or bring your own creative touch to this place. The only limiting factor on what can be done here is your imagination, creativity and experience! Don’t miss out on this beauty.
RECENT APPRAISAL OF THE REAL ESTATE CAME IN AT $1,100,000.
This business nets over $200K! RARE OPPORTUNITY TO BUY REAL ESTATE AND HAVE THE BUSINESS PAY THE MORTGAGE.
Brazilian or American Steakhouse? BBQ? Middle Eastern fare? Asian Fusion concept? Sports Bar? Entertainment and Dining? Restaurant/Catering? Your choice! The money is waiting for you to make it! Bring Boston to the suburbs without the hassles!
This business nets over $200K!!!!!
Probably the best deal on the market today.You know the old saying..."you snooze, you lose"!
Call Dennis at 617-721-9655 DSerpone@comcast.net

Attached Documents


Detailed Information

Location:
Tewksbury, MA
Real Estate:
Owned
Included in asking price
Building SF:
6,000
Employees:
8-10
Facilities:
6,000 sf
Financing:
$200k
Support & Training:
Yes
Reason for Selling:
Retiring
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(from currently available funds)
 
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Dennis Serpone

Business Listed By:
Dennis Serpone

NATIONAL RESTAURANT EXCHANGE

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