Quick Service Casual - Downtown Location
| Asking Price: | $150,000 |
Terrific high profile downtown location. Ideal for working owner/operator or looking to expand into Salem. The space is adaptable for multiple concepts.
ADDRESS: Salem, Massachusetts 01970
FACILITY: The restaurant consists of a counter, dining area, open kitchen, dish room and a basement for some storage.
CONCEPT: Quick service casual concept.
SIZE: The interior is approximately 1,500 square feet.
PARKING: There is a municipal parking lot nearby and street parking is also available.
SEATING: The restaurant is licensed for 20 seats. There is additional seating outside for 8 patrons.
LICENSES: The restaurant has a Common Victuallers License.
HOURS: Open daily: 11:00AM – 9:00PM
CONDITION: The furnishings, fixtures, equipment and leasehold improvements appear to be in good condition.
LEASE TERM: Approximately three (3) years remaining on the lease, plus an option for five (5) years.
RENT: The base rent is approximately $3,920 month, NNN / $47,040 year, NNN
SALES: Sales for 2023 were approximately $770,000.
COMMENTS: The space is very functional and adaptable for multiple concepts.
PRICE: The asking price for the assets is $150,000.
Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.
