Tupelo Data Room
American Restaurants, Miscellaneous Restaurant & Bars
Active

Successful Restaurant with Property in Prime Location - Fully Staffed!

Massachusetts, United States
listing image
Asking Price$1.60m
Revenue$1.82m
EBITDA-
Cash Flow$337k
Description
Fantastic opportunity to own prime real estate and a profitable turnkey restaurant in a well-positioned, prime location in Western MA. The Property is 4,698 +/- sf., which does not include the partially finished 1,832 +/- sf. basement. The business has demonstrated consistent and strong profitability throughout its 30+ year operating history and enjoys a loyal following of multi-generational customers. The dining establishment has two full liquor licenses for both indoor and outdoor dining. The indoor dining capacity is 140. The seating capacity increases to 200+ during the warmer months when the outdoor dining area is in use. The restaurant is fully staffed with a seasoned executive chef and a well-established team, ensuring a seamless transition for new ownership. Please Note: All information furnished is provided by seller or based on representations of the seller or other sources. Squizzero, Carp & Associates has made no investigation of it and makes no representation or warranty as to the accuracy of the Information. All recipients are encouraged to perform due diligence and consult with independent tax, financial and legal professionals.
Real Estate
Owned
Year Established
1985
Reason Selling
Retirement
Facilities & Assets
Great location, well maintained with potential for additional rental income in underutilized second floor.
Support & Training
Seller is committed to facilitating a smooth transition to the new ownership.
Growth Opportunities
The restaurant generates consistent high sales serving only dinner with limited hours. To increase revenue ownership could expand the operating hours, add lunch service and offer takeout through Door Dash & Uber Eats. Also, the Real Estate offers potential for additional income. Pending city approval and permitting, there is additional space available that may be suitable for commercial office space, 2-to-3-bedroom apartment, or AirBnb type rental.
Financing Options
Pre-screened for SBA Financing with 10% down payment.
Asking Price$1.60m