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Established Pub & Grill In Waltham/Watertown For Sale

Watertown/Waltham, Massachusetts, US
Asking Price:
$150,000
Sales Revenue:
$365,000
Cash Flow:
$100,000

TYPE OF BUSINESS: NEIGHBORHOOD PUB & GRILL

LOCATION: Waltham/Watertown Area

SELLING PRICE: $150,000 DOWN PAYMENT: $100,000

SALES VOLUME: $7k/wk. % Delivery: None

LEASE: $3100 mo. (NNN Inc.) YRS. LEFT:3 yrs. w/ 5 yr. option

SQUARE FOOTAGE: 1,000sf with full basement for coolers and storage

HOURS OF OPERATION:M-T 3-cl W-Sa 11-cl

SEATING: (inside) 85 (outside)

REASON FOR SELLING: Retiring after 17 yrs.

COMMENTS: Here’s your opportunity to own a busy neighborhood bar with an active pub menu. Seating for 50 in the dining area and another 20 stools at the bar. Plenty of TVs to watch all the games and pass the time with your friends. Great visibility on a very heavily travelled numbered route and major highways. Needs a new face to brighten the place up and breathe new life into it. Has been a bar for many years. The owner will consider less for an all-cash deal.

Property Information

Real Estate:

Lease

Lease Terms:

3 years left with a 5-year option

Leasehold Rent:

3100 w/NNN inc. per annum

Location:

Great visibility on a very heavily travelled numbered route and major highways.

Premises Details:

Small cozy Pub atmosphere, with full basement for storage.

Size in square feet:
1800sf plus basement

Business Operation

Expansion Potential:

Add delivery, catering and party platters.

Competition / Market:

Very little in the immediate neighborhood.

Reasons for selling:

Retiring

Trading hours:

M-T 3-close W-Sa 11-close

Years established:
17

Other Information

Support & training:

As needed

Financing available:

$100,000 Down w/bal. at 6% for 4years
Seller may take less for all cash deal

Related Documents:
Relocatable:
This business can be relocated.