Award Winning Restaurant with RE – North Shore!!!
LOCATION: North Shore
CAPACITY: 100 seats inside & 26 seats outside
SIZE: 4,007 square feet (RE is .275 acres)
RENT: $2,602 per month (plus triple nets)
LEASE: Landlord will negotiate new lease.
LICENSES: Full Liquor License
SALES: Range: $1.4-$1.8mm per year
CASH FLOW: $280,459 per year
ASKING PRICE: $499,000 (For the Business) or $1,599,000 (For the Business & Real Estate)
This long-established restaurant is in a highly visible location with a fabulous view of the marshes and sunset. It is within a few miles of a downtown area and draws both local and tourist clientele. A new owner could seek town approvals to expand seating and add a rooftop deck. Other opportunities for growth are to expand catering, private events and takeout business; market the lunch business; and attract more customers during the off-season. Excellent opportunity to own a true landmark along with the real estate.
Corbett Restaurant Group
Ten Post Office Square, 8th Floor
Boston, MA 02109