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Prime Downtown Restaurant For Sale

Essex County, Massachusetts, United States
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Asking Price$79,000
Revenue$558,000 EstablishedUndisclosed
Cash Flow$38,000 Employees7 full, 12 part
FF&E$60,000 FranchiseNo
Inventory$3,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Incredible opportunity to buy a true "turn key" restaurant for LESS than the assets. It would cost a great deal more to set up a restaurant with this much equipment. Located in a scenic and historical coastal town in the middle of the downtown area with lots of foot traffic from both locals and year round visitors. Seats over 80 and room for more. The inside is amazing with it's original checkered tile floor and retro fixtures. The extensive equipment is impressive (3 flat top grills, 2 prep tables, 6 burner range, convection oven, large combo walk in refrigerator / freezer, 11' hood. If that's not enough there is a separate room for baking which includes a Pickard 8 shelf rotary oven which holds 16 sheet trays. You could easily set up a separate baking business to supply local restaurants. Plus there is a very large basement and a large work area in back to set up catering. Opportunities here are really endless! It also comes with a full liquor license and there is a nice bar area. The menu features good home style cooking made from scratch! Previously featured on Phantom Gourmet! Currently only open for breakfast and lunch but you would want to have a good business plan to make this profitable. You already have the space and the equipment! Restaurant can be any theme you like. There are no better locations for your new restaurant than here. Don't pass this by if you are looking for a restaurant.
Training/Support:The seller will train the new owner.
Seller Financing:79,000.00 Down
Sale Reason:Owner is retiring.
Ad #89972
Seller Reference #29038
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Robert Accetta
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