508-753-1400

508-753-1400

Worcester County, MA Business - Restaurant - George & Company

 

HUGE Discount - Inclusive of Business & Real Property Worcester County, MA #15615

Seller Financing Available

 

Asking Price: $500,000 (Includes Business/Real Estate/ FF&E)

Gross Sales 2018: $692,780

SDE 2018: $112,046

Projected 2022 Gross Sales: $670,000

Projected 2022 SDE: $115,000

Inventory: $20,000*

Established: 2010

 

*not included in asking price.

Business Description

Stand-Alone 2,892 sq. ft. brick building w/ a basement (office, laundry, walk-in, storage) completely gutted and redone including the electrical & plumbing in 2010. This has been a full-service restaurant & bar for many years. Seating for 71 plus additional fenced in patio seating for 24 brings total legal occupancy to 92.

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Attached Documents

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Detailed Information

Location: Worcester County, MA

Inventory: Not included in asking price

Employees: 21

Facilities: Completely remodeled with new wiring & plumbing. 2,500 sq. ft. on main floor features waiting area, hostess stand, full bar & lounge, dining rooms and kitchen with additional 2,000 sq. ft. in the basement which has an office, laundry area, walk-in cooler, liquor storage and tons of storage space.

Competition: The loyal customer base is phenomenal / making a great running start for a new owner!

Growth & Expansion: Restaurant is currently open 5 days per week which could be increased.

Financing: Possibly some Seller financing for a well-qualified buyer

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

Reason for Selling: Retirement

Contact: Lori Jacobson

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  

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