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Listed by:

National Restaurant Exchange

Needham Prime Immaculate Restaurant Bar For Sale

Greater Needham, Massachusetts, US
Asking Price:
$425,000 Furniture / Fixtures included
Sales Revenue:
$1,560,000
Cash Flow:
$75,000

RARE-PRIME TURNKEYRESTAURANT-BAR

LOCATION: Greater Needham Area
SELLING PRICE:$425,000 Down payment 50%/ owner financing
SALES VOLUME:30K wk. (42k pre covid)
LEASE:15,000- includes NNN, water-sewer) yrs left- 3 plus extensions.
SQUARE FOOTAGE: 3,600
HOURS OF OPERATION: 5 days- tuesday thru saturday- 4pm till 9.30 pm
SEATING: inside 99/ patio in season 40
REASON FOR SELLING: Owner moving out of state.
COMMENTS:
Full liquor & entertainment license located in the heart of one of the 'Hottest" spots anywhere. Annual personal income exceeds 100k yearly-very affulent area. Over 500 new end condo's-apts under construction only one block from restaurant.This Prime location needs a proven exerienced operator.with strong draw for entertainment/jazz. fabulous layout-lots of new upgrades-Immaculate.
large bar w/ high tops, great bar- visibility, true .eye appeal layout. Add lottery, take out is up, push for more and catering is a absolute must here. advertise. the business is here, clients want value, price is not the most important part with this loyal following. Contact Bob or

Property Information

Real Estate:

Lease

Lease Terms:

4 years left on lease with options...NNN adjusted yearly ( currently 3,700 mo.)

Leasehold Rent:

$144,000 per annum

Location:

Greater needham area-prime location/parking/high visibility

Premises Details:

cannot find a better layout-great barw/ hightops/ high celinigns, soft lighting. A real gem State of the art equipment and operation.

Business Operation

Expansion Potential:

Menu-entertainment-delivery-catering-all of this and your promotions.

Competition / Market:

Very little competion, thius is a proven winner. profit pre covid was close to 400k per year.

Reasons for selling:

Owner is moving back home ( out of state)

Trading hours:

Tuesday thru saturday 4pm till 10pm/ currently limited hours.

Employees:
23
Years established:
2016

Other Information

Support & training:

yes up to 2 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Some owner financing, to be negociated based on buyers financial strength.

Furniture / Fixtures value:
$200,000 - included in the asking price
Related Documents:

Listed by

National Restaurant Exchange

Contact National Restaurant Exchange

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