Business Summary:
Very attractive Italian Restaurant & Lounge located in the center of town. Situated in Southern Worcester County This turn-key restaurant is very nicely built-out and has high end finishes. This profitable business is ideal for Chef/Owner Operator.
PARKING: There is a private parking lot with ample parking spaces
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Three (3) year lease with 1 Five (5) option available.
BASE RENT: $2,400 per month (which includes the triple nets)
CONCEPT: Full Service Italian Restaurant and Lounge
SEATING: 100 seats (has sprinkler system)
HOURS: 4:00 PM – 1:00AM
LICENSES: Full Liquor (1:00 AM), Full Entertainment & Live Music, Keno
SALES: Approximately $650,000
CASH FLOW: Approximately $95,000
PRICE: $225,000 (financing available)
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| Year
Business was Established: 2007 |
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| Number of Employees:
2/ft 10/ft |
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| Facilities / Terms of Lease:
The space is approximately 2,500 square feet plus a full basement. The facility has a functional layout and has seating for 100 persons. There is plenty of dedicated parking for the restaurant. |
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| Competition:
Very little competition in the local trade area. |
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| Owner
willing to finance:
Financing available with 50% down |
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| Owner
willing to train:
Training will be provided |
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| Reason for selling:
Retirement |
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Seller Reference Number: bm1260663123
BusinessMart.com Listing Number: 75560 |
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