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Prime Location Beach Bar And Restaurant In North Shore For Sale

North Shore, Massachusetts, US
Asking Price:
$329,000 Furniture / Fixtures included
Sales Revenue:
$1,000,000
Cash Flow:
Undisclosed

Outstanding opportunity fresh, high-energy North Shore restaurant and bar location steps to the ocean. The space is well laid out with a massive bar and a modern bright open dining area leading to two outdoor patios. Opened just three years ago, it’s no wonder this popular spot has enjoyed huge success with tourists and locals alike! Great staff in place with an excellent reputation for food, drinks and service. The business is operated absentee as the owner has several other projects he’s working on. They are also in the process of gaining city approval of the only rooftop deck in the area that would significantly increase sales and profits. Space is adaptable to any concept! Perfect for an owner/operator looking to step right in and make money starting day one or for someone looking to expand their brand The space is adaptable to just about any concept. Easy to operate, short hours, low overhead, excellent staff in place and significant upside – what more could you ask for?! This is a must see! The owner wants a quick sale, is reasonable, and is offering a multitude of ways to help a qualified buyer make a deal happen!! Seller financing is available to well-qualified buyers.

FACILITY: Excellent well maintained facility great location across the street from the
beach
PARKING: Street and public lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained
LEASE TERM: 7 Years (One Ten Year Option)
BASE RENT: $5,200 (Includes Triple Nets)
CONCEPT: Restaurant and Bar
SIZE: 5,000 square feet
SEATING: 120 seats additional 32 seats on the patios
LICENSES: Full Liquor and Entertainment Licenses
SALES: Historically in the One Million Range (50% alcohol)
ASKING PRICE: $329,000 (For the Assets of the Business)

Property Information

Real Estate:

Lease