Middlesex County Business For Sale - Restaurant - George & Company

SOLD - Middlesex County Italian Restaurant #15502

Asking Price: $299,000

Cash Flow: $165,000

Gross Revenue: $1,730,000


FF&E: $1,200,000

Financing: Seller Financing Available

Inventory: $30,000*

Lease Rate: $30 /SF/Year

Established: 2004

*not included in asking price.

Business Description

Restaurant Middlesex County Gross $1.7m

Full Service Restaurant off major route in desirable Middlesex County.

  • Owner's original investment was $1.2m+

  • Beautiful space consists of 4,000 sf on first floor which features Full Bar, Dining Room, Open Kitchen & Rest Rooms, the basement  houses offices & storage.

  • Guest capacity of 130, full liquor license, and ample parking.

Attached Documents

Confidentiality Agreement

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  

Looking for More Information?

Before we can give you any further information, you must fill out, sign, and mail our Confidentiality Agreement (to get full access this form, as well as the ability to Submit electronically, please click the DOWNLOAD button in the upper right and save it to your computer. 

If you do not have the latest version of Adobe®Reader®, please click the "Get Adobe®Reader®" download button below).

If you are having trouble viewing or completing the Confidentiality Agreement in the link above, please complete and submit this online form and someone will contact you to assist.