Miscellaneous Restaurant & Bars, Other Restaurants & Food
Active
Iconic Worcester Restaurant Opportunity - Armsby Abbey
Worcester County, Massachusetts, United States
Asking Price-
Revenue-
EBITDA-
Cash Flow$267,000
Description
An exceptional opportunity to acquire and operate Armsby Abbey, a highly recognized, award-winning gastropub in the heart of downtown Worcester, Massachusetts. Since opening in 2008, Armsby Abbey has built an outstanding regional reputation for its chef-driven, farm-to-table menu, extensive craft beer program, handcrafted cocktails, and memorable guest experience. The restaurant operates at 144 Main Street and is open seven days per week.
The offering provides a rare opportunity to acquire an established, performance-driven hospitality business with a respected name, seasoned staff, substantial in-place infrastructure, and a highly visible downtown location.
Investment Highlights
• Established Worcester restaurant brand with significant local and regional recognition; the business cites 76 “Best of Worcester” awards, including accolades for restaurant, farm-to-table dining, chef, brunch, cocktails, and beer selection.
• Prime downtown Worcester location at 144 Main Street, positioned for lunch, dinner, brunch, and takeaway service.
• Thoughtfully designed indoor and outdoor dining environments.
• Diversified revenue base supported by food, beverage, private events, and recurring guest traffic.
• Professional management and experienced staff in place; current ownership operates in a limited, part-time capacity.
• Mature, systems-based operating platform with established procedures and a substantial original build-out investment exceeding $1,000,000.
• Long-term, transferable lease provides continuity of occupancy, subject to landlord approval.
• Demonstrated history of strong revenue and cash flow.
• Transition support available to promote a seamless handoff and preserve operational continuity.
Offers Invited
Further details available upon execution of a confidentiality agreement.
Real Estate
Rent is $6,100 per month
Inventory
Included in Asking Price
Number of EmployeesFull-Time: 32
Reason Selling
Retirement
Facilities & Assets
Approximately 2,800 sf +/- plus outdoor seasonal seating. Unlimited parking. Over 1 million in original build-out with state-of-the-art Facilities, kitchen and equipment.
Support & Training
Seller will support transitional training.
Market & Competition
Wonderful location. Weekly events drive consistent revenues, reviews and the reputation of the brand is extensive.
Growth Opportunities
The business has demonstrated consistent revenues for many years. The owners have focused on maximizing the brand and margins without having to run day-to-day operations. The business sit is a prime location which can be used as an excellent platform for new ownership to focus on the vision for growth and expansion of their own restaurant or the continuation of the current brand.
Financing Options
Seller financing is available.Possibly some limited available to the right buyer
Business listed by
George & Company
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