LOWELL ITALIAN RESTAURANT, LOUNGE & FUNCT'S
Location: Massachusetts > Essex County > LOWELL
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $299,000
Cash Flow: $250,000
Seller Financing: Seller will finance 50% for the right buyer.
Business Summary
Best location in Lowell.
PUT ON AN APRON AND START MAKING MONEY.
WHY WORK FOR SOMEONE ELSE WHEN YOU CAN MAKE $250/YR...your cash investment will be back in your pocket in less than a year.
SELLING PRICE: $299K (with only $150K down).
SALES VOLUME: Avg. $20K/wk ($12K/wk Winter)
NUMBER OF SEATS: Licensed for 150 inside 40 on patio.
LEASE: $4,500/mo. (includes NNN)
YRS. LEFT: 5+5 (more avail)
SQUARE FOOTAGE: 2,600sf. 1st flr, 800sf, function room 2nd flr
HOURS OF OPERATION: 11 am -12 pm, till 2 AM weekends
COMMENTS: 2 AM liquor license, entertainment license, function room for ADULT PRIVATE PARTIES. Full inside surveillance equipment, huge municipal parking lot next door.
Inexperienced seller has brought it this far, you can take it to the next level. This is the premier Italian restaurant in Lowell. This is located in the “Beacon Hill-style” area of Lowell. Suitable to keep it doing 80% food or better utilize the liquor end of the business.
Net $250K/yr with little effort.
First time offered…take the time to see this EXCELLENT deal.
PUT ON AN APRON AND START MAKING MONEY.
WHY WORK FOR SOMEONE ELSE WHEN YOU CAN MAKE $250/YR...your cash investment will be back in your pocket in less than a year.
SELLING PRICE: $299K (with only $150K down).
SALES VOLUME: Avg. $20K/wk ($12K/wk Winter)
NUMBER OF SEATS: Licensed for 150 inside 40 on patio.
LEASE: $4,500/mo. (includes NNN)
YRS. LEFT: 5+5 (more avail)
SQUARE FOOTAGE: 2,600sf. 1st flr, 800sf, function room 2nd flr
HOURS OF OPERATION: 11 am -12 pm, till 2 AM weekends
COMMENTS: 2 AM liquor license, entertainment license, function room for ADULT PRIVATE PARTIES. Full inside surveillance equipment, huge municipal parking lot next door.
Inexperienced seller has brought it this far, you can take it to the next level. This is the premier Italian restaurant in Lowell. This is located in the “Beacon Hill-style” area of Lowell. Suitable to keep it doing 80% food or better utilize the liquor end of the business.
Net $250K/yr with little effort.
First time offered…take the time to see this EXCELLENT deal.
About the Sale
Management Training and Support: Yes
Reason For Selling: Other business interests require full attention.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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