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- RE: Merrimack Valley Function/Rest. Facility
- Contact: Dennis S.
Quick Facts
| Asking Price: | $9,000,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2005 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 989020 | |
| Broker Reference #: | DS01826 |
Business Overview:
EXCEPTIONALLY RARE OPPORTUNITY TO BUY A MAJOR FUNCTION FACILITY, WITH A RESTAURANT & LOUNGE …AND THE REAL ESTATE
LOCATION: North Shore…long highway frontage…4 acres with town sewerage
ASKING PRICE: $9M for the business w/net income over $2 MILLION/yr.
The real estate was recently appraised for $4.5M. SBA and some seller financing is available for a seasoned operator who is creditworthy.
SALES VOLUME IS CONSISTENTLY WELL OVER $3 MILLION PER YEAR
Net Profit is approximately $2M/yr. (seller pays himself $500,000/yr. for rent!)
Buy the package for approximately $9M for business and real estate.
SQUARE FOOTAGE of the Bldg.: 18,000 sf. on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.
SEATING: (inside about 600 seats) (outside 500 - 800 seats)
REASON FOR SELLING: Time to retire.
COMMENTS: If you’re in the restaurant/function business and feel it’s time to expand to another level, this is the place. Pristine property, huge reputation, and incredibly loyal repeat customers. Strong, experienced staff will stay. See it…make an offer.
There’s a huge pent-up demand for function, entertainment, and dining. This place has it all!
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Property Features and Assets:
18,000 sf. of pristine function space over multiple rooms, and dining room with a great lounge area on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.
SEATING: (inside about 600 seats)(outside 500 - 800 seats)
Market Competition and Expansion:
None in the immediate area
Reason for Selling:
RetiringAdditional 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
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