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- RE: Wayland-Italian Restaurant W/strong Pizza Online
- Contact: Bob Cioffi
Quick Facts
Asking Price: | $595,000 | |
Annual Revenue: | $1,800,000 | |
Net Profit: | $300,000 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 21 | |
BBN Listing #: | 128219596 | |
Broker Reference #: | BC 21 |
Business Overview:
SELLING PRICE: $595,000 …firm DOWN PAYMENT: $200,000
however, the seller will take an all cash deal, to be negociated.
SALES VOLUME: strong $38,000 - $40,000/week % Delivery: approximately 20%...mostly P/U
LEASE: $10,000/month. (includes NNN)…only 5.5% of sales Years LEFT: new lease available
SQUARE FOOTAGE: approximately 3,000 square feet.
HOURS OF OPERATION: 7 days, mostly 4 – 10 PM
SEATING: (inside 101 seats) (outside 50 seats)
REASON FOR SELLING: retiring.
COMMENTS: Rarely do you find such a beautiful restaurant in an affluent area known for their fabulous Italian food and pizza. Great visibility, huge parking lot, and easily worked kitchen. No deferred maintenance. NETS OVER $350,000/year Its all brand new with newer upgrades. Absolute Turn key!
Contact Bob @ 781-820-9288 or Bobcioffi14@gmail.com.
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Property Features and Assets:
Pristine build-out...open kitchen. Popular bar...with a pop-up large patio outside. You need to see this if you're a serious operator.Market Competition and Expansion:
Additional space next door is now available to expand this busy restaurant.
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:
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