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PRICE REDUCED For North Shore Restaurant/Pub. Annual sales $1.4M

Essex County, MA
Pub
Asking Price:$499,000
Established Year:2012
Gross Revenue:$1,400,000
Listing ID: 2197802Listing provided by BizBuySell
BUSINESS DESCRIPTION

OFF MARKET TEMP. BUSINESS:Pub Style Restaurant w entertainment
LOCATION: Popular North Shore Tourist Destination., Busy Main Rd. In Historic District
SELLING PRICE: PRICE REDUCED to $499K
SALES VOLUME: Average $ 25k-$28k week
LEASE: $6,700. NNN Charges $1,705. 4Yrs. Left with 5+5+5 yr. options Includes first option to buy building if landlord decides to sell.
SQUARE FOOTAGE: 3000 sq. ft. approximately
SEATING: 70 Inside, 49 on Patio.2 Bathrooms
DAYS/HOURS OF OPERATION: Open 7 Days
12pm – 1am
EMPLOYEES: 15-17 Employees including 5 cooks and assistant manager
REASON FOR SALE: Owner Retiring
COMMENTS: Strong Net Profit. Long track record of success! Current Owner has been at this location for 12 years.
Beautiful facility! Excellent Equipment
This location is a popular destination for both Tourist and Locals. Located in popular tourist town in busy historic district. Known for great food,drinks and popular live music. In addition, this location is a popular venue
for after wedding parties from local hotels.
Real Estate Future- First Right of Refusal

DETAILED INFORMATION
Location
Essex County, MA
Inventory
Not Included in asking price
Employees
15
Facilities
Beautiful Build Out. Most Equipment is just a couple years old and well maintained. Facility is approximately 3000 sq.ft. Inside with 70 seats, and outdoor patio with 49 seats. Two bathrooms, handicapped accessible
Competition
This business is located in busy historic district in busy tourist town.
Growth & Expansion
Plenty of opportunity to increase sales with increased advertising and increasing take out business ( adding Uber Eats, Door Dash etc..)
Financing
Business is a good candidate for bank finacing.
Support & Training
Strong core staff. Owner is willing to train new owner.
Reason for Selling
Owner is Retiring
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Charles Rollins
C Wesley Broker
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Charles Rollins
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