Worcester County, MA Business - Restaurant - George & Company

Exceptional Full Service Italian American Restaurant#15580

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  

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