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Oceanfront Restaurant with Real Estate Spectacular Views, Bristol County |
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Wednesday, 07 May 2008 15:03
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Very successful restaurant located on an Oceanfront parcel with spectacular views in Bristol County. This award winning restaurant is a landmark that is highly visible and very accessible. This restaurant is loaded with opportunity, the business and property could be taken over as is or an operator could invest for aggressive growth.
Expansion plans have been drawn up and approved. There is also the opportunity to build docks off the pier to attract boating tourists. There is the option to purchase just the business could continue to lease the property. This is a must see opportunity.
| Facility |
The restaurant space is approximately 5,100 square feet with a 275 person seating capacity in the dining room, with additional seating outside for 30 patrons. The space consists of a bar/lounge, two large dining rooms, kitchen and bathrooms. There are approximately 90 spaces in the parking lot and ample on-street parking.
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| Concept |
Award winning Seafood Restaurant Oceanfront Views. Open from 11:00 AM- 10:00 PM
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| Real Estate |
The Parcel contains 0.979 acres of land mainly classified as Restaurant/Bar with a dining lounge style building. The structure was built in 1960 and is approximately 5,711 square feet.
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| Equipment |
The equipment is in good condition and has been well maintained and is of good quality.
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| Rent |
Approximately $156,000 annually.
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| Lease |
The current lease has five (5) years remaining with one ten (10) year renewal option. The current lease contains the option to purchase the property. The property is also available for sale with the business and the owner is entertaining offers.
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| Licenses |
Common Victualler, Liquor License
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| Sales |
Approximately $2,350,000 annually. Net cash flow is approximately $350,000 annually.
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| Price |
The asking price for the Business is $1,500,000. The Owner is entertaining all reasonable offers for the property.
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Restaurants for Sale - MA 
