Restaurant (Restaurants, Full-Service Restaurants)
Central Massachusetts - Massachusetts
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
No |
| Listing ID: |
68068 |
| Status: |
Active |
Listing Details
| Listed Price: |
$3,500,000 |
| Down Payment: |
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| Total Sales: |
$1,598,000 |
| SDE: |
$219,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$300,000 |
Included? Yes |
| Real Estate: |
$3,350,000 |
Included? Yes |
| Inventory: |
$35,000 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Refocus on start up business. |
| Training: |
Seller agrees to aid in a smooth transition. |
| Financing Terms: |
Some owner financing available to a qualified buyer. |
Operations
| Year Established: |
1939 |
| Last Acquired: |
1997 |
| Form of Ownership: |
|
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
No |
| Online: |
|
| Employees: |
Full Time: 8 / Part Time: 35 |
| Managers: |
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| Hours: |
Tues - Sun 11:30 am - 9:00 pm |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
$13,000 |
| Square Footage: |
22346 |
| Facilities: |
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Summary
| Business Description: |
Rare opportunity to purchase not only a well established restaurant and function hall perfectly designed to cater weddings, meetings, and conferences of any size. This is a turn key successful business that has averaged over 1.5 million in gross sales and over on an average basis for over the past 5 years plus approximately $15k in net lottery income. There are still opportunities for expansion and increasing sales with a hands on owner, discretionary cash flow averages $200k or more. Don’t miss out call and ask for more details. |
| Historical Summary: |
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| Owner Qualifications: |
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| Competition: |
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| Potential Growth: |
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