CHATHAM, the Cape's Most Affluent Town...RESTAURANT & REAL ESTATE
| Asking Price: | $1,990,000 |
| Gross Revenue: | $1,100,000 |
| Cash Flow: | $150,000 |
| Real Estate: | $1,330,000 |
CHATHAM area~~ FAMOUS Restaurant & Pizza Pub w/large REAL ESTATE
SELLING PRICE: Business and the large parcel of real estate for $1.99M as determined RECENTLY by an independent appraisal. Biggest parking lot in the area.
SALES VOLUME: Averaging $18K-$20K/wk. off season....$30k - $50k in season. Strong online ordering & pick-up
SQUARE FOOTAGE: Bldg. is 3,064 sf., lot is well over an acre.
SEATING: 97 inside 54 on large patio…waiting lines in the Summer for their pizza & beer.
COMMENTS: VERY rare opportunity to buy into such an affluent business community…businesses, especially with real estate, just don’t become available. Full liquor licenses are in high demand. Town sewerage is a distinct advantage. Entertainment is underutilized. This family operation is ready to grow with professional management.
This is the first time that this property has been available for 25 years. Illness motivates.
SBA financing is readily available to buy the whole package at a better price.
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