Restaurant with Real Estate included
Location: Massachusetts > Worcester County
Industry: Real Estate > Other Real Estate
Financials
Asking Price: $1,950,000
Gross Revenue: $1,290,150
Cash Flow: $350,000
Inventory: $19,000 (Included in Asking Price)
FF&E: $418,000 (Included in Asking Price)
Real Estate: $1,150,000 (Included in Asking Price)
Seller Financing: Negotiable
Business Summary
6,710 sq. ft on 3 acres by water. Warm and Friendly Family Style restaurant with 3 separate dining rooms (can and are used for private functions) Plus a great pub area. Maximum occupancy 365. This is a well established and popular family establishment with a fantastic atmosphere, beautiful rooms, and wonderful kitchen. Plenty of parking. The Real Estate is included in this offer. Nicely located in Worcester County. This Restaurant is a Cash Generator!
About the Business
Year Established: 1900
Employees: 8 full time - 24 part time
Facilities: Property taxes are approx. $12K. 400 amps electric. One story wood frame 6,710 sq. ft. building used as a restaurant. There is a small second floor office and storage room. Land is 3.8 acres in 3 parcels. 465 ft. Frontage. Location is terrific. Water is very close and major intersection of an interstate highway is .25 mile away. Plenty of parking. It would appear to be easy to develop the site further. Site is essentially level. The site has sewer access and is zoned for business use.
Market Outlook and Competition: It appears to be easy to develop the site further. Site is essentially level. The site has sewer access and is zoned for business use.
About the Sale
Management Training and Support: 2 weeks included in price
Reason For Selling: Family business and next generation does not want to work in the food industry.

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BizQuest ID:888701
Business Listed By
Name:Audie Quick
Company:Quick and Associates
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