Worcester County, MA Business - Restaurant - George & Company

Exceptional Full Service Italian American Restaurant#15560

Asking Price: $1,300,000

Cash Flow: $443,814

Gross Revenue: $2,871,292

Inventory: $25,000*

Real Estate: $2,500,000*

Established: 1982

 

*not included in asking price.

Business Description

Great Opportunity

Italian American restaurant with high volume. 
Same owner for 35 years, wishes to retire. 
Beautiful stand-alone 14,000 sf facility seats:
Lounge - 99
Dining - 249
Function Room - 260
Full pouring license with 65-35 food to drink ratio
Lottery, keno, and entertainment licenses in place
Real Estate is to be sold with the business for an additional amount and
has been appraised for $2.5M 
Full staff in place with Chef and 4 department managers
This is a completely turn-key opportunity
Business & Real Estate are pre-qualified for SBA financing with as little as 10-15% down


Detailed Information

Location: Worcester County, MA

Inventory: Not included in asking price

Real Estate: Owned, Not included in asking price

Building SF: 14,000

Employees: 60

Facilities: 14,000 sq. ft. facility with a capacity of 608 Ample off-street parking Excellent build-out with state-of-the-art lounge Large atrium function room for private events

Competition: State highway location with 29,000 car traffic count. Area has several restaurants the draw patrons to the benefit of all. Strong commercial area.

Growth & Expansion: Sales have been growing each of the last 5 years. Very nice private atrium for private events that could grow with additional marketing.

Support & Training: Seller supports transitional training to aid in a smooth transition.

Reason for Selling: Retirement

Contact: Jeff Lefebvre

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.