UNIQUE Peabody/Salem BreakfastLunch$499K &SalesKeepGoing UP!

Peabody, MA (Essex County) (Relocatable)

Seller Financing Available
UNIQUE Peabody/Salem BreakfastLunch$499K &SalesKeepGoing UP!
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Asking Price: $499,000

Cash Flow: $200,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,700 /Month

Established: N/A

UNIQUE Peabody/Salem BreakfastLunch$499K &SalesKeepGoing UP!

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Business Description

Popular Restaurant in busy Location. NO STOPPING US NOW!

SELLING PRICE: $499K
Strong Business/SBA financing should be readily available.

LOCATION: Salem/Peabody Visible, busy Area
SALES VOLUME: Strong $25K-$27k/wk and keeps growing % DELIVERY: 10-15%

LEASE: $5,700/mo gross (5-6% of sales) YRS. LEFT: 10+5+5

SQUARE FOOTAGE: 3,900 sf. + 4,000 sf. in clean, dry basement

Price may be negotiable depending on amount of Down Payment.
SALES VOLUME: strong $25-27k/wk and growing % DELIVERY: 10-15%

LEASE: $5,700/mo. gross Low Lease only (5-6% of sales) YRS. LEFT: 10+5+5

SQUARE FOOTAGE: 3,900 sf. + 4,000 sf. in clean, dry basement

HOURS OF OPERATION: 6AM - 8 PM, 7 days...strong catering & pick-up in evening.
SEATING: 99 seats

COMMENTS: Bldg. is fully sprinkled. Large municipal pk'g lot next door. This is a beautiful place with long successful history. Fully renovated 3 yrs. ago...everything is 'NEW". They have an excellent catering business that you'll inherit for even more sales and profit. STRONG NET !!
Call, text or email Chuck at 978-317-2943 cwrollins01@gmail.com
or Marie at 978-902-0350 ellesell3@gmail.com to tour this beauty.

Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

Detailed Information

Real Estate:
Leased
Building SF:
3,900
Lease Expiration:
N/A
Facilities:
99 SEATS WITH ADJOINING DINING ROOM...GREAT FOR PRIVATE PARTY
Competition:
Unique set up for the area!
Growth & Expansion:
Promoting dinner and catering
Support & Training:
As much as required
Reason for Selling:
Health issues
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Contact the Seller

(from currently available funds)
 
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Marie Feudo

Business Listed By:
Marie Feudo

New England Restaurant Brokers

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Sponsoring Broker:
Dennis Serpone

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