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Wilmington Reading Italian Restaurant For Sale

Wilmington/Reading, Massachusetts, US
Asking Price:
$295,000
Sales Revenue:
$1,100,000
Cash Flow:
Available on request

SELLING PRICE: $295K DOWN PAYMENT: $100K

SALES VOLUME: Averaging $20K/wk …s/b $1.3M for 2023

LEASE: new negotiable lease available…graduated for the first few years

SQUARE FOOTAGE: approximately 5,000 sf. – 6,000 sf

HOURS OF OPERATION: 6 days, 11 am to 10 pm; closed Mondays.

SEATING: 150 seats

REASON FOR SELLING: Another owner/chef retiring

COMMENTS: Heavy traffic by your door. Across the street from a large shopping center. Great location on a numbered route. Plenty of parking and great visibility. Big, dry basement for storage and prepping. Talented, long-term staff will stay on. New blood, fresh marketing ideas, and entertainment will bring this great place to another level of success.

If you’re a qualified buyer with experience and financial resources, submit our NDA and I’LL TAKE YOU TO DINNER THERE.

Property Information

Real Estate:

Lease

Lease Terms:

New lease

Leasehold Rent:

Negotiable per annum

Location:

Located on a very busy numbered route on the North Shore

Premises Details:

Large well organized kitchen with plenty of prep area as well as storage..A beautiful restaurant with lots of dark woods and tufted leather seating, as well as great granite topped u-shaped bar that seats 20.

Size in square feet:
5000sf

Business Operation

Expansion Potential:

Add more delivery as well as catering and party platters, entertainment.

Reasons for selling:

Retiring

Trading hours:

6 days 11-10

Years established:
1940

Other Information

Support & training:

as needed

Financing available:

TBD

Related Documents:
Relocatable:
This business can be relocated.