UNDER AGREEMENT Authentic Italian Experience

Middlesex County, MA

Seller Financing Available
UNDER AGREEMENT Authentic Italian Experience
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Asking Price: $299,000

Cash Flow: $165,000

Gross Revenue: $1,700,000


FF&E: $1,200,000

Inventory: $30,000*

Real Estate: N/A

Established: 2004

*not included in asking price.

UNDER AGREEMENT Authentic Italian Experience

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Business Description

Mangia, Mangia
-Full-Service restaurant with great location in desirable Middlesex County
-Owner's have invested over $1M in this 4,000 sq. ft. open kitchen with
bar and dining area, which has a guest capacity of 130
-Fair-Market, long-term lease
-Seller is willing to provide transitional training

Attached Documents

Detailed Information

Not included in asking price
Real Estate:
Building SF:
9 FT - 25 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Open kitchen style dining with Mediterranean flair. Over $1,200,000 spent on capital/leasehold improvements. Tons of off-street private parking. Beautiful bar. Private function room. Gorgeous dining room with seating for 130.
What can we say. Success speaks for itself. Great food, great service,. great ambiance and reasonable prices.
Growth & Expansion:
Always room to add additional profit centers - catering, expand take-out, corporate functions, etc. As a friend in the industry with 3 locations once said, shave 3% from COGS and operating expenses and profitability goes up $53,000. There's room for that here - our client is tired.
Flexible terms possible for qualified buyer
Support & Training:
The seller will stay to aid in transition but this restaurant boasts a full staff of highly experienced people in the front and back of the house.
Reason for Selling:
After over a decade of running a large restaurant, time to relax.
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Contact the Seller

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Christopher George, CBOA

Business Listed By:
Christopher R. George

George & Company/CentralBrokers

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