Request More Information Contact the Seller
- RE: Lynn/Swampscott Long-Standing Full-Service Rest.
- Contact: John F
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $2,300,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $125,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 950928 | |
| Broker Reference #: | JR161 |
Business Overview:
NORTH SHORE SEACOAST RESTAURANT
SELLING PRICE:$495KDOWN PAYMENT: $100,000
Real Estate maybe available at Fair Market Value after an independent appraisal
SALES VOLUME:$45,000/week.
LEASE:$6,300/month gross Years left: new cheap lease available
SQUARE FOOTAGE:Approximately 4,000 square feet with full basement
HOURS OF OPERATION:7 days, 4-10 PM
SEATING:150 inside
COMMENTS: Owner of multiple upscale restaurants realizes that he can’t manage them all so is selling off his smallest. Known for its excellent food and service over the last 20 years. All a new owner needs to do is pay attention to business. Strong repeat bar business and proximity to ocean are big pluses. Plenty of parking spaces with an adjacent lot available next door at night.
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:
Known for its excellent food and service over the last 20 years. Cozy brick and dark wood atmosphere with a fifteen-stool bar. On street parking with a parking lot available right next door every evening. Well maintained FF&E.
Market Competition and Expansion:
In a heavily populated neighborhood, with many businesses and offices as well as a very successful entertainment facility with national acts year-round. There is some competition, but all thrive.
Reason for Selling:
Other projects need more attention..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
Relevant Links:
- View more Massachusetts businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
