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- RE: Don’t Miss This One
- Contact: Shawn Reilly
Quick Facts
Asking Price: | $249,000 | |
Annual Revenue: | $1,400,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $150,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $350,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 866033937 | |
Broker Reference #: | BRNFRD CAR |
Business Overview:
This is a rare opportunity to own a successful bar/restaurant in a high-end East shoreline area. The business has a prime location on RT 1 with high traffic and visibility right off highway. It has a spacious 4,000 square feet area with 40 cozy bar seats, 30 outdoor patio seats, and 75 dining seats. The rent is very low at $6,600 per month, and the current burdening payroll includes a chef who earns $100,000 per year, which can be easily adjusted. The business has been operating for 8 years and offers dinner every night and breakfast and lunch for 5 days a week. There is a lot of room for growth and improvement for a new owner who can take this business to the next level. Come and see for yourself why this is a must-see opportunity, for any aspiring restaurateur act now.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
4,000 bustling square feet, 40 electric bar seats, 30 inviting patio seats, 75 money making dining seats, meager $6,600 rent NNN, heavily traveled RT 1 location, ambience like no other, upscale East shoreline community, exceptional opportunity for chef owner present chef earns $100,000, established 8 profitable years, one of kind must see opportunity, open 7 busy days 5 of which includes breakfast lunch & dinner, huge upside potential.Market Competition and Expansion:
Competition: Heavily traveled RT 1 location and great visibility Growth & Expansion: Trimming top heavy payroll is the key here.Reason for Selling:
Other business interest.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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