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Listed by:

National Restaurant Exchange

Greater Foxboro Area Turnkey Italian Restaurant For Sale

Greater Foxboro Area, Massachusetts, US
Asking Price:
$120,000 Furniture / Fixtures included
Sales Revenue:
$800,000
Cash Flow:
$45,000

PRIME - TURNKEY-IMMACULATE RESTAURANT/BAR

TYPE OF BUSINESS: Popular Restaurant-Lounge
LOCATION: Greater Norfolk Area. MAJOR PRICE DROP FROM 199K TO 120K

SELLING PRICE:120,000 / Maybe some Owner financing
SALES VOLUME: $17k wk. (pre Covid 19k wk.) (only open 4 days for dinner)-Wow!

LEASE: $3,400 mt (NNN included) Yrs. left- 6 months + 5yr extension) More available.
SQUARE FOOTAGE: Approx. 2,600 sf.

HOURS OF OPERATION: Only open 4 days / Wed -Sat 5-10 pm
SEATING: Inside 75/ bar seats 15…..Outside tent 40

COMMENTS: Prime Location, located in a “Hot” restaurant area w/ hundreds of new upscale condo’s & apartments within a stone throw of this immaculate restaurant/ walking distance to the commuter train. Owners have gone to great lengths to add a beautiful bar-comfortable dining room, outside patio and unique decorations. Located in a very affluent area, this spot cannot miss regardless of Covid. Re-Open Sundays, Monday & Tuesdays. Offer delivery, add lottery, social media, this is a Hot spot, perfect for a chef owner/family to capitalize on big earnings. Closed all major holidays, there is so much potential here to increase hours and make big money as the sales are particularly good -only open 25 hours a week. Contact -) cell--Hurry-Priced to sell.

Property Information

Real Estate:

Lease

Lease Terms:

3,400 mo (nnn inc) new lease available with terms and options

Leasehold Rent:

$41,000 per annum

Location:

Greater Foxboro-Franklin Area-Prime Location.

Premises Details:

Immaculate-Great bar separates cozy dining room/Approved Patio/Affulent Area.

Business Operation

Expansion Potential:

Menu can be expanded to your liking- Delivery is a must-Increase exposure , advertise./ easy to operate. Take out-Catering is HUGE in this area-Go get it.

Competition / Market:

Nothing like it in the area, fixed clientel waiting for you.

Reasons for selling:

Owner has another restaurant and wants to simply life for family reasons

Trading hours:

Only open 4 days / wednesday thru saturday -4pm till 9.30 pm.

Employees:
18
Years established:
2014

Other Information

Support & training:

yes as needed up to 2 weeks.

Furniture / Fixtures value:
$100,000 - included in the asking price
Related Documents:

Listed by

National Restaurant Exchange

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