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Newton Prime Bar Restaurant Functions And Huge Patio For Sale

Newton, ma., Massachusetts, US
Asking Price:
$300,000 Furniture / Fixtures included
Sales Revenue:
$2,340,000
Cash Flow:
$200,000

Prime- Upscale- Newton Bar/Restaurant/Functions-Entertainment-Patio


TYPEOF BUSINESS: Turnkey/Bar-Restaurant/Entertainment-Function Facility.
LOCATION: Greater Affluent Newton Area
SELLING PRICE: 300k DOWN PAYMENT: 150K (Owner Financing)
SALES VOLUME: 45K wk. DELIVERY.8%
LEASE: New lease Available
SQUARE FOOTAGE: 5000 sf. -Downstairs, main level w/ patio-upstairs functions.
HOURS OF OPERATION: 7 days- 11am till 1am
SEATING: 3 levels: (inside 275……. patio 100) Full cellar.
REASON FOR SELLING: Owner has many priorities to tend to.

COMMENTS: High profile well established upscale restaurant-bar, functions, entertainment, and patio Complex. True turnkey. This facility has it all, Functions in High demand, go after them. 2 bars, full cellar with big kitchen. Entertainment allowed inside and on the patio. Proven hot spot for outside dining & Entertainment. Fully staffed, crazy busy in 8-month season, open year-round. Municipal parking everywhere. Add Lottery, (huge here) Utilize the upstairs and downstairs for all types of functions. This facility can accommodate almost any type of dining or function. Advertise your events, practically recession proof area, very high medium income. This facility calls for an experienced restauranteur, multiple opportunities to make money, It has it all. NDA required Contact Bob *PRICED TO SELL FAST!

Property Information

Real Estate:

Lease

Lease Terms:

New lease available

Location:

Greater Newton, ma.

Premises Details:

Turnkey, prime well know location. has 2 function rooms, one main floor bar with access to 100 seat outside patio.

Size in square feet:
5,000 sq ft.

Business Operation

Expansion Potential:

Can expand your base with catering, keno, social media. Seat close to 400

Competition / Market:

Nothing like this that offers all facets of a Bar-restaurant-Functions and Huge patio,

Reasons for selling:

Owner has other bars that need his full attention.

Trading hours:

7 days/ 11am-1pm

Employees:
35
Years established:
2017

Other Information

Support & training:

yes up to 2 weeks as needed

Financing available:

yes some depending on qualifications.

Furniture / Fixtures value:
$300,000 - included in the asking price
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