Restaurant with Real Estate for Sale in Amherst-Northampton Area
| Asking Price: | $1,600,000 |
| Real Estate: | $1,200,000 |
| Gross Revenue: | $1,800,000 |
LOCATION: Popular dining destination in the Five College region.
SALES: $1.8 Million in 2022 and $1.7 Million in 2021.
RESTAURANT: 3,500 sq. ft. with 1,500 SF finished basement and ample parking.
CAPACITY: 135 seats, plus 30 outdoors.
CONCEPT: Casual theme, moderately priced, serving creative comfort food.
SALES RATIO: 75% food to 25% beverage.
HOURS: Open nightly for dinner.
STAFF: The longevity and experience of staff can provide for a smooth transition.
CONDITION: The restaurant has been professionally maintained and continuously updated over the years and is in turn-key condition.
DEMOGRAPHICS: Within a 20-minute drive is a residential population of 115,000 with an average household income of $110,000 and 55,000 employees.
TRADE AREA: Shops, restaurants, residential areas, cultural and historic landmarks.
APPRAISAL: The real estate was appraised in February 2023 for $1,200,000, not including the assets and goodwill of the business.
PRICE: $1,600,000 for the assets of the business and the real estate.
FURTHER INFO: Additional information can be made available for qualified buyers upon signing a Non-Disclosure Agreement.
