Listing Details - Restaurant

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:
Total Sales: $1,598,000
SDE: $219,000
EBIT:
EBITDA:
FFE: $300,000 Included? Yes
Real Estate: $3,350,000 Included? Yes
Inventory: $35,000 Included? No
A/R: Included?
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Contact Information
ROI Corporation
549 Columbian St Suite 200
Weymouth Massachusetts 02190
Office: 781.682.6209
Fax: 781.682.6217
Email: grayberg@roibusinessbrokers.com
www.roibusinessbrokers.com
Send Email To Agent
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:
Hours: Tues - Sun 11:30 am - 9:00 pm
Owner Hours:
Non-Owner Payroll:
Franchise Info:

Location

Lease Expire:
Option:
Lease Terms:
Lease Security:
Monthly Rent: $13,000
Square Footage: 22346
Facilities:

 

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:

 
Owner Qualifications:

 
Competition:

 
Potential Growth: