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PriceBreak$399k N.Andover FullService/ Bar $22k-$24k ave. wk

North Andover, MA

Seller Financing Available

Andover 1
Asking Price:$399,000
Gross Revenue:$1,200,000
Listing ID: 2171312Listing provided by BizBuySell
BUSINESS DESCRIPTION

THE PERFECT BUY ! Turn Key,
profitable restaurant w/ plenty of
room to grow!
BUSINESS: Casual-Classy Italian / American Cuisine Restaurant, Beautiful Bar , Catering & Takeout

LOCATION: Andover/ N.Andover, Busy Main Rd., and Parking Lot

SELLING PRICE: NOW $399k priced to sell!
OWNER FINANCING: Negotiable w a strong , financially established buyer. ALL CASH for a better deal!
SALES VOLUME: Average $22K-$24k a week
20-25% delivery

LEASE: $7600 in total 3 1/2 Yrs. Left +5 yr. option

SQUARE FOOTAGE: 3800 sq. ft. l

# OF BATHROOMS: 2

SEATING: 120 plus long, beautiful bar

DAYS/HOURS OF OPERATION: SHORT HOURS
Mon.-Wed. 4 p.m.-8:30 p.m.,
Thurs. 11:30 a.m-9 p.m. Fri-Sat. 11:30 a.m.-9 p.m., Sunday 3 p.m.-8:00 p.m.

EMPLOYEES: 15-17 Employees including 5 cooks and assistant manager.

REASON FOR SALE: Partners expanding to other businesses in different directions.

COMMENTS:Italian restaurant w a Long track record of success! Beautiful facility!
Well known, turn- key, full service restaurant,………upside-for Higher PROFIT- needs a working Owner, Increase-hours , catering , & marketing.

DETAILED INFORMATION
Location
North Andover, MA
Inventory
Not Included in asking price
Employees
15
Facilities
Established w a Long, & successful TRACK RECORD . A casual yet upscale , modern, elegant and relaxed restaurant. Tables are covered w white tablecloths w chandeliers above , and in the evening, candlelight on each table give guests a more intimate atmosphere. Beautiful Build Out. Equipment In excellent condition. Includes all furniture, fixtures, and equipment. Restaurant is located in Strip Mall with plenty of parking.
Competition
There is little competition in the area . This restaurant has a great track record, is well-known, loved, and has a strong base of loyal patrons! A new owner with excellent skills, creativity and experience should do great here!
Growth & Expansion
Increased hours should increase sales .
Financing
NDA required. Seller will validate sales w signed offer! !
Support & Training
Owners will train new owners.
Reason for Selling
Partners moving onto separate ventures!
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Charles Rollins
C Wesley Broker
Phone Number
Charles Rollins
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