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Popular Local Sports Bar W/ Option On Real Estate Methuen area

Lowell, MA

Seller Financing Available

Big Space
Asking Price:$325,000
Established Year:2020
Gross Revenue:$1,040,000
Listing ID: 2276032Listing provided by BizBuySell
BUSINESS DESCRIPTION

SELLING PRICE: $325K for the business or $1.45 million for the package with R/E including 4 pristine rented offices on the second floor
DOWN PAYMENT: $125K for business only. 20% down payment for SBA financing.
SALES VOLUME: $18K-$20K/wk
LEASE: $5K/mo. +NNN NEW 10 yr lease available if you don't want the RE.
SQUARE FOOTAGE: approximately 2,500 sf. plus huge dry basement and 2nd flr offices.
HOURS OF OPERATION: Closed Mondays, 6 days, 3 PM– 2 AM
SEATING: 134 inside 40 outside patio
COMMENTS: This is another classic local watering hole…80% daily regulars. 25-seat rectangular bar, pool table and live music on the weekends. Big, beautiful patio for summer nights. Located in a large shopping center on a very busy road. Adjacent closed restaurant space is available for an expansion of the kitchen or dining area/ same owner. Keep the existing bar business or modify for more dining. Rare 2 AM liquor license. This place is awesome. Recently appraised $1.5 mil.

You cannot get a Liquor license in Mass unless you have EXTENSIVE experience in Liquor management.

Call to meet the owner.

ATTACHED DOCUMENTS
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DETAILED INFORMATION
Location
Lowell, MA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
4,000
Employees
10
Facilities
Very nice floor plan. Tons of parking, huge open space with TV's etc..
Competition
No Comp close by, this is a real nice spot for someone...
Growth & Expansion
Sky is the limit with the right seasoned operator. Current owners are wealthy and do not really push to grow the business as someone new coming in would....
Financing
Yes , on the business it would require $125K down Owner will finance $200K at 6% for
Support & Training
Full training available for the right individual.
Reason for Selling
Owner is a home builder and is actively building homes
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Mr.
Williams
NATIONAL RESTAURANT EXCHANGE
Phone Number
Mr. Williams
Call Phone