Attractive Restaurant in Newburyport
| Asking Price: | $225,000 |
A terrific opportunity for a working owner/operator! Great location with lots of foot traffic.
SPACE: The interior space is approximately 1,370 square feet plus a full basement which is used for prep, refrigeration and storage. There is also office space and storage space. The layout and design is functional and adaptable to multiple concepts.
PARKING: There is ample parking in the immediate trade area, both on the street and in a municipal parking lot.
SEATING: The restaurant is licensed for 60 interior seats and 48 on the patio, weather permitting.
CONCEPT: Currently operating as a casual theme, moderately priced, full-service restaurant.
LICENSES: A Common Victuallers License and a Full Liquor License.
HOURS: Hours of operation are: Mon. -Thurs. 12:00PM – 9:00PM Fri. – Sun. 12:00PM – 10:00PM
CONDITION: The restaurant appears to be well maintained.
BASE RENT: The base rent is $5,800/- mo., NNN / $69,600 +/- yr., NNN
LEASE: There are approximately four (4) years remaining on the lease. A longer lease may be negotiated.
SALES: Sales in 2023 were approximately $1,100,000.
COMMENT: The restaurant is being sold as the owner has another business he needs to focus on.
PRICE: The asking price for the business is $225,000.
Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.
