A Chef’s Dream in Essex County

A CHEF’S DREAM - ESSEX COUNTY – FINANCING AVAILABLE!

0
1444

A CHEF’S DREAM – ESSEX COUNTY – FINANCING AVAILABLE!

Newly built out full service restaurant with an exceptional look and upscale atmosphere.  This turn-key restaurant and lounge is in outstanding condition with over $600,000 spent on a recent renovation.  This is truly an ideal setup, it has everything a General Manager or Chef would want.  This is run absentee at the moment but gross sales and the bottom line could be significantly improved with involved Owner/Chef.  This Seller is willing to offer financing with $150,000 down which is a great opportunity for a Buyer with limited cash.

  • LOCATION: Essex County
  • PARKING: On street parking & public parking lot.
  • CONDITION: EXCELLENT
  • LEASE TERMS: Five (5) years remaining on the lease with 3 five year options
  • RENT: $4,372 per month (This includes the triple nets)
  • CONCEPT: Full Service Restaurant & Sports Lounge
  • SEATING: 100 seats inside plus 20 outside.
  • SIZE: 1,900 s/f
  • HOURS: 11:00 AM – 1:00 AM
  • LICENSES: Full Liquor & Entertainment (1:00 AM)
  • SALES: $800,000
  • CASH FLOW: $125,000 (recast as an owner/operator)
  • ASKING PRICE: $449,000 (Some financing is available for Qualified Buyers)

 Download NDA | For more information please contact Todd Smith at (617) 948-3394.

corbett_logo