Business Summary:
Well established Seafood Bar & Grill located South of Boston. This site is located adjacent to a major Commuter Rail with high traffic and plenty of parking. This is an excellent conversion opportunity; with the Full Liquor License, below market rent and location this site has plenty of growth potential. The current Operator runs this completely absentee; an involved Operator would grow Gross sales and Profitability dramatically. The Seller is also willing to license the name and Brand of this well known regional restaurant chain to the new Buyer. They are motivated and willing to offer substantial Seller Financing!!
LOCATION: High traffic area adjacent to a major commuter rail station South of Boston
FACILITY: The space is approximately 2,500 square feet with a 110 person seating capacity (with Sprinkler System) plus outdoor patio seating.
LICENSES: Full Liquor License (1:00 AM) Entertainment may be available with the town.
PARKING: Plenty of parking
LEASE TERM: Four (4) years remaining on the current lease, a new lease is available.
BASE RENT: $2,400 per month (plus Real Estate taxes)
CONCEPT: Seafood Grill & Bar
SEATING: There is seating for 110 patrons inside plus outdoor seating
HOURS: 11:00 AM – 10:00 PM (Can be open much longer hours)
SALES: Approximately $805,000 per year
CASH FLOW: Approximately $143,000 per year
ASKING PRICE: $125,000 (Seller Financing Available!!)
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