Picturesque Tavern with great Cash Flow & Real Estate

Berkshire County, MA

Picturesque Tavern with great Cash Flow & Real Estate
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Asking Price: $1,990,000

Gross Revenue: $1,650,000

Price/Sq. Ft.: N/A

NOI: $450,000

Building SF: N/A

FF&E: N/A

Year Built: N/A

Picturesque Tavern with great Cash Flow & Real Estate

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Property Description

Tremendous Opportunity to purchase a very profitable Tavern with valuable and cash flowing Real Estate. This long established Tavern is located in a very fashionable and picturesque town in the Berkshires. Easily the most popular place in the bustling downtown area; it is the perfect place to eat, drink, watch the game and have fun. The Tavern has been completely renovated and is in excellent condition. The business itself is netting more than $350,000 per year and sales have continued to grow over the past seven years in spite of the bad economy. The Real Estate is valued at $1,300,000 and has gross rental incomes of $12,000 – 14,500 per month. 2 Apartment have been completely renovated, new bathrooms and kitchens. Floor to ceiling overhaul. This is truly a gem that is a must see.

REAL ESTATE: The Real Estate value is $1,300,000. The structure consists of two commercial and four residential units with gross rental income of $12,000 – 14,500 per month.
PARKING: Private lot and on-street parking available
EQUIPMENT: The equipment is brand new, top of the line and has been maintained.
BASE RENT: $8,000 per month NNN (Current rent the operator is paying himself,
this is well below market)
CONCEPT: Tavern & Restaurant
SEATING: Seating for 90 persons inside and 46 persons outside.
HOURS: 7:00 AM – 11:00 PM
LICENSES: Full Liquor & Entertainment licenses 1:00 AM

Detailed Information

Location:
Berkshire County, MA
Type:
Retail
Building Status:
Established
Facilities:
The building is approximately 7,200 square feet. The Tavern has seating for 90 persons inside and 46 persons outside. The Tavern has been completely renovated and is “turn-key.”
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Todd Smith

Property Listed By:
Todd Smith

Corbett Restaurant Group

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