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

EBITDA: N/A

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

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
4,000
Employees:
9 FT - 25 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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.
Competition:
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.
Financing:
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.
Contact Seller

Contact the Seller

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Christopher George, CBOA

Business Listed By:
Christopher R. George

George & Company/CentralBrokers

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