Business Summary:
Prime Location on the Cape…Picturesque restaurant and bar with outdoor seating and attached Nightclub. This is a great investment to cash flow opportunity that is priced to sell. The business is currently being run by a part time owner. Sales and the bottom line could be grown quickly with an experienced operator. This is a must see opportunity that will not last.
FACILITY: Beautifully restored historic building in prime location. The facility consists of modern bar and dining areas, a connected VIP Lounge/Nightclub and beautiful outdoor patio seating.
CONDITION: The restaurant and nightclub are in very good condition
PARKING: On street parking & Public Lots
CAPACITY: The capacity of the facility 315
SIZE: 6,600 square feet
LICENSES: Full Liquor, Entertainment and Common Victullars.
RENT: $9,500 plus NNN
LEASE: Five (5) years remaining additional options are available
SALES: Approximately $1,300,000 (65% Alcohol to 35% Food ratio)
CASH FLOW: Approximately $140,000 per year
ASKING PRICE: $275,000
For More information please contact Corbett Restaurant Group 617-948-3394
www.CorbettRestaurantGroup.com
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