Blue Angus Cafe/ Price Reduced

Business Opportunity for Sale
Catylist Listing ID: 30581359
Property Subtypes: Food and Beverage
Building Size (RSF): 3,000 SF
Sale Price: $199,000
Name of Establishment: Blue Angus Cafe
Business Website Address: https://blueanguscafe.com/
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $150,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash at Closing Would consider some Seller financing to qualified Buyer
Last Updated: 9/16/2020

Overview / Comments

This recently remodeled, successful & established café & bar is a perfect opportunity for ambitious Owner/ Operator to create long term growth and financial security. This Full service & Fully Equipped regionally recognized Café is known for its fresh food, quality, awesome fish & burger choices and excellent Liquor, Beer and Wine selections. This highly visible gathering spot is very profitable with Liquor Mix over 33%. This establishment is situated on a busy road, easy to access, and has plenty of parking. Current Hours of operation are weekdays 11:00 AM- 9:00 PM and Weekends until 10:00 PM. Concept is a Sports Café that draws regular clientele from both Mass. & NH. Business, FF&E and Goodwill offered @ $199,000.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Owner retiring after many successful Yrs.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 2+ yrs. left on 2nd Option with another (5) Yr. option Total Rent $4800.00 Mo. $19.26 Sq. Ft. Gross
Employee/Labor Description: Staffing calls for Approx. 30 Employees with a Mix of both Full & Part Time.
Mgmt/Training Support Description: Owner will assist in Transition of Business for 2 Weeks
Competition/Market Description: Higher Quality of Operations on all fronts to include Menu selections, customer service and Atmosphere.
Growth/Expansion Opportunities: Catering, Rewards Programs, Delivery Service

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,718 109,821 200,728
Median Age: 35.35 34.8 37.25
Households: 2,712 39,841 73,423

Contact

Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
Photograph of Listing Agent

Kathy MacKinnon

RE/MAX Commercial Innovative Properties
NECPE Member
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