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Restaurants for Sale Restaurants for Sale - MA Turnkey Restaurant with multiple revenue streams
Turnkey Restaurant with multiple revenue streams Print E-mail
  Thursday, 03 April 2008 14:25   

 

The restaurant is located in South west Norfolk County adjacent to the town High School, Middle School, Library, Fire station, Church, and Senior Center.

It sits on a 100 acres Agricultural trust and is situated roadside on one of the most heavily traveled roads in town.

The seller is very motivated. 

 

Facility

The space is approximately 1,600 square feet. It is comprised of a dinning room, counter service area, prep rooms and kitchen on the first floor. There is a second floor that is currently used as office space that could be converted into more seating.The building and facility are in good condition. The space has a very functional layout and design for breakfast, lunch, diner and Ice cream.There are approximately 120 parking spaces in the parking lot.The equipment is in good condition and has been well maintained and is of good quality. They have recently purchased a new Micros POS system.

Lease

The lease expires in November of 2009. The landlord is very cooperative and willing to extend or add options or sign a new lease with the buyer.

Rent

Currently $3,000 per month, the Real Estate taxes are approximately $6,000 annually.

Concept

The concept is a town restaurant that offers breakfast, lunch and diner. They also serve as the town's ice cream shop, and gathering place. They host events, parties and cater. There is seating for 50 persons in the dinning room. There are 30 seats on the patio and 60 seats under the function tent. They are licensed to serve food and beverages to all 140 seats. There is additional seating for the Ice cream side of the building but this is limited to counter service.

Opportunity

There is tons of opportunity for the right operator. The restaurant sits on a 100 acre agricultural trust. This offers the new buyer many expansion possibilities, e.g. a petting zoo, fresh produce, flowers etc. The landlord is very cooperative and the site has tremendous potential.

Licenses

Beer & Wine license. The restaurant also has an Entertainment license which allows for a DJ and light live music.

Sales

The sales are approximately $437,000 annually.

Price

The asking price for the business is $180,000.

 

For more information please contact Corbett Restaurant Group 617-948-3394 

www.CorbettRestaurantGroup.com

 
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