2 Restaurants: 1 Upscale Dining - 1 Entertainment Destination

Worcester County, MA

Seller Financing Available

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Asking Price:$350,000
Gross Revenue:$665,470
Rent:$6,809/Month
Established Year:2020
Cash Flow:$253,595
Inventory:$70,000
FF&E:$305,000
BUSINESS DESCRIPTION

Turnkey Business In Great Location

Designed to be a craft cocktail bar with light fare but was so well received it morphed into a full service upscale restaurant. It has become a "hidden gem" that is atypical for the area, thus extremely well received. The restaurant occupies a void in the market for upscale dining options with one of the best allocated spirit collections in New England. Featured on Phantom Gourmet, it is known for the personal element of service, atmosphere and quality.
The second restaurant also fills a void in the local market, accomplishing a fun and energetic atmosphere with exceptional food and beverage, and a full stage. It is a perfect night out for those who want to have a good time in a mature, comfortable environment.


DETAILED INFORMATION
Location
Worcester County, MA
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,542
Lease Expiration
30/05/2026
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 2 more 3-year options
Financing
Owner Terms:$25,000.00 Interest:8% Term Months:12 Monthly Payment:$2,174.71
Reason for Selling
Moving
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Jeffrey
Hollow
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Jeffrey Hollow