Seafood Restaurant with Real Estate and Rental Unit

Location: Massachusetts, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $850,000
Cash flow: $106,000
Revenue: $600,000
Gross Income: Not Disclosed
Inventory: $60,000 - Not included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: $600,000 - Included in the Asking Price

Business Details

This very popular seafood restaurant has been in business for over twelve years, serves lunch and dinner six days a week, and offers a family oriented and competitively priced menu that
includes appetizers, soup, salads, fish, meat and poultry entrees. The restaurant seats over 75
customers, has a full bar, full liquor license, a comfortable dining area, entertainment on the weekends, and ample parking. The modern and well equipped kitchen is run by an experienced chef that easily accommodates the busy dinner crowd and steady take-out business. The staff includes three full-time and eleven part-time employees. The facility has been well maintained and in excellent condition. The business is centrally located on a main and well traveled route in a popular town in South Coast, Mass.

This business generates over $600,000 in sales and a cash flow of $106,000, excluding personal expenses and owner perks. The sales mix is 60% food and 40% liquor.

The 8,160 SF structure includes the first floor restaurant, a full basement, and an upscale three
bedroom, one bath rental unit on the second floor. The restaurant is approximately 2,400 SF, and
includes a bar, dining room, kitchen and two bathrooms. The second floor rental unit is approximately 1,900 SF and is well appointed and in excellent condition. The 1,920 SF basement is used to store food, beer, wine and liquor inventory. The restaurant has a video surveillance and alarm security system, as well as a fire suppression system. The property is environmentally clean.

Opportunities: Advertise and promote lunch and dinner specials. Add lottery and keno. Offer catering services. Owner has catering, gaming and entertainment licenses.

The owner will facilitate a two week transition. All recipes convey to the buyer. Owner financing is available with the purchase of the business and real estate.

General Information

Reason Selling:

Number of Employees:
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