MAJOR RESTAURANT, LOUNGE, with INCOME REAL ESTATE
Location: Massachusetts > Suffolk County > Quincy
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $2,700,000
Gross Revenue: $1,300,000
Cash Flow: $275,000
Real Estate: $2,000,000 (Included in Asking Price)
Seller Financing: POSSIBLY
Business Summary
LOCATION: SOUTH OF BOSTON
SELLING PRICE: Asking a very reasonable $2.7M for this EXCELLENT business and VERY valuable property in the center of town (good books, appraisals, and town assessments make this an easy property to finance)
SALES VOLUME: Strong $24K - $25K per week .
NUMBER OF SEATS: 200 seats
SQUARE FOOTAGE: 3 floors each with a footprint of 5,000 sf.
(9 offices, 3 rented generating $1,500/mo.)
HOURS OF OPERATION: 11AM – 1 AM;
Sat/Sun 4 – 1 AM
COMMENTS: This bldg. is in a zone that allows 15-stories. There are three parking lots within one block of this property. A seasoned operator could easily add substantial additional business by opening for brunch on Sat. & Sun. mornings, and tapping into the huge catering business in the area. The present owner is ‘absentee’. The equipment is state-of-the-art and exceptionally maintained. This is a turn-key opportunity for a buyer with vision. Take a minute to call and ask for an opportunity to see this unique property.
SELLING PRICE: Asking a very reasonable $2.7M for this EXCELLENT business and VERY valuable property in the center of town (good books, appraisals, and town assessments make this an easy property to finance)
SALES VOLUME: Strong $24K - $25K per week .
NUMBER OF SEATS: 200 seats
SQUARE FOOTAGE: 3 floors each with a footprint of 5,000 sf.
(9 offices, 3 rented generating $1,500/mo.)
HOURS OF OPERATION: 11AM – 1 AM;
Sat/Sun 4 – 1 AM
COMMENTS: This bldg. is in a zone that allows 15-stories. There are three parking lots within one block of this property. A seasoned operator could easily add substantial additional business by opening for brunch on Sat. & Sun. mornings, and tapping into the huge catering business in the area. The present owner is ‘absentee’. The equipment is state-of-the-art and exceptionally maintained. This is a turn-key opportunity for a buyer with vision. Take a minute to call and ask for an opportunity to see this unique property.
About the Business
Facilities: 3 FLOORS...5,000 SF FOOTPRINT EACH FLOOR. 200 SEATS.
Market Outlook and Competition: MINIMAL
About the Sale
Management Training and Support: YES
Reason For Selling: OTHER BUSINESS INTERESTS REUIRE 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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