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.