Catylist ID:
#30844250
Popular Middlesex County, MA Family Restaurant
Undisclosed Address, Massachusetts
Business Opportunity
for Sale
| Catylist Listing ID: | 30844250 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 4,400 SF |
| Sale Price: | $279,000 |
| Year Business Established: | 2005 |
| Gross Revenue: | $402,000 (Annual) |
| Cash Flow: | $105,916 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Cash to Seller @ close |
| Last Updated: | 9/21/2023 |
Overview / Comments
|
One of the most popular Restaurants in this Community, this Family Owned & Operated business is enjoying 18+ successful years of business (since 2005). Great food, great price, large portions are critical aspects of the philosophy and continued success of the business; 22' saw the location quickly recover to Pre-Covid Income in 35% less hours! The current menu specializes in breakfast/lunch, fully equipped kitchen, seating for close to 100 and amble parking for 30 vehicles. Excellent Reputation, resilient business, TONS of Goodwill; At only 30 hrs /wk with little focus on lunch and NO dinner hours make a truly advantageous time to take ownership of the concept with BEST location in town; Easily & Instantly expand hours, gross profit, and revenue. Contact agent for NDA. |
Attachments & Media
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owners aim to consolidate their 4 restaurant portfolio of successful concepts down to something manageable as Parents. |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | $3125/mon. lease may change to fair market value with new owner |
| Employee/Labor Description: | 10 |
| Mgmt/Training Support Description: | Owner willing to assist in a 2 week transition |
| Competition/Market Description: | Some area competition; Location has thrived since 2005 |
| Growth/Expansion Opportunities: | Current business & revenue is focused on Breakfast, very little lunch and NO dinner. Increase hours, menu, pricing, increase social media, events, catering |
| Seller Financing Description: | Owner will consider some Seller Finance for Well Qualified offers. |
Contact
Kathy MacKinnonRE/MAX Commercial Innovative PropertiesNECPE Member |
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