American Restaurants, Bars, Pubs & Taverns
Active
Sophisticated Dinner House Restaurant
Hampshire County, Massachusetts, United States
Asking Price$500k
Revenue$2.10m
EBITDA-
Cash Flow$135k
Description
This restaurant is located in a vibrant, small New England community, with a growing population with strong commercial and well-established educational institutions. The current owner operates the business as an evening dinner house very successfully with limited hours, but there is significant opportunity for growth.
Real EstateBuilding Size: 4200 sq. ft.
$1.20mNot Included in Asking Price
Furniture Fixtures & Equipment
$335k
Inventory
$6kIncluded in Asking Price
Number of EmployeesFull-Time: 30
Year Established
1985
Reason Selling
After close to 20 years, owner is looking to relocate.
Facilities & Assets
Restaurant is 4,200 SF. It is furnished with quality wooden tables, booths and decor for a sophisticated relaxed ambiance. Indoor seating for 140 plus and seasonal outdoor seating for up to an additional 150. This is a location that draws tourists who take advantage of the outdoor seating. Fully functional kitchen with equipment in excellent condition with plenty of storage. Large parking lot adjacent to the restaurant offer plenty of parking.
Support & Training
Seller is committed to facilitating a smooth transition of ownership
Market & Competition
This western Massachusetts restaurant has significant upside opportunity. Current owner works limited hours and employs a general manager, executive chef, food preparation and bar managers.
Growth Opportunities
Adding additional evening hours, and lunch would generate significant additional income and growth. There are dozens of retail and professional businesses within easy walking distance. Adding lunch would be a no-brainer! There is also additional unused space for a private dining or meeting room, or perhaps private living quarters.
Financing Options
Seller financing is available.Some owner financing available to a well-qualified buyer
Asking Price$500k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.