Massachusetts Business For Sale - Italian Restaurant - George & Company 

Metro-West Italian Restaurant with $1.7M Revenue #15502

Middlesex County, MA

Seller Financing Available

Asking Price: $509,000

Cash Flow: $200,000

Gross Revenue: $1,750,000

EBITDA: N/A

FF&E: $1,200,000

Inventory: $30,000*

Lease Rate/Sq. Ft.: $30/yr

Established: 2004

*not included in asking price....

Business Description

Extremely well known restaurant in high-income community slightly west of Boston. Diners love this place as demonstrated by nearly TWO MILLION dollars in sales last year and years prior. We sell a lot of restaurants and this is a bargain with $1.2M invested and offered at only $509,000. I've been in the restaurant business and if I wasn't so old, I would buy this myself!


Detailed Information

Inventory: Not included in asking price

Real Estate: Leased

Building SF: N/A

Lease Expiration: N/A

Employees: 9 FT - 25 PT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Open kitchen style dining with Mediterranean flair. Over $1,200,000 spent on capital/leasehold improvements. Tons of off-street, private parking. Beautiful bar. Private function room. Gorgeous dining room with seating for 130.

Competition: What can we say. Success speaks for itself. Great food, great service, great ambiance and reasonable prices.

Growth & Expansion: Always room to add additional profit centers - catering, expand take-out, corporate functions, etc. As a friend in the industry with 3 locations once said, shave 3% from COGS and operating expenses and profitability goes up $53,000. There's room for that here - our client is tired.

Financing: Flexible terms possible for qualified buyer

Support & Training: The seller will stay to aid in transition but this restaurant boasts a full staff of highly experienced people in the front and back of the house.

Reason for Selling: After over a decade of running a large restaurant, time to relax.

Contact: Lori Jacobson

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  


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