Historic Breakfast & Lunch Gem

Wakefield, MA
listing image
Asking Price:$550,000
Gross Revenue:$1,144,000
Rent:$10,870/Month
Established Year:1979
Cash Flow:$220,000
Inventory:$30,000
FF&E:$400,000
BUSINESS DESCRIPTION

Step into history with this well-established breakfast and lunch restaurant, proudly recognized as the oldest in town. Currently generating a steady income of $22,000 weekly, the restaurant previously earned up to $45,000 weekly before dinner and bar services were discontinued last year. This cherished eatery has built a loyal customer base over the years, thanks to its warm ambiance, flavorful menu, and unbeatable location.

Operating exclusively for breakfast and lunch, the restaurant enjoys consistent foot traffic and presents significant growth potential by reinstating dinner and bar services. Whether you’re a seasoned restaurateur or a first-time buyer, this is a rare opportunity to own a profitable, iconic business with deep roots in the community. Don’t miss your chance to revive and expand this timeless treasure!
https://samtakla-newengland.sites.cbmoxi.com/listings/my-active-listings


DETAILED INFORMATION
Location
Wakefield, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Lease Expiration
31/08/2033
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Amble parking for 30 cars, huge kitchen, two grease traps. 2 walk-in coolers, and a walk-in freezer.2 Hoods 25 F each. 150 seats.
Competition
It's a unique restaurant, and the town has nothing similar.
Growth & Expansion
Adding dinner and opening the bar back.
Financing
50%
Support & Training
2 weeks of training.
Report an Issue with this listing
profile-img
Sam
Takla
logo-img
Sam Takla