Worcester County, MA
Seller Financing Available
Asking Price: $500,000 (Business/Real Estate)
A lot has happened regarding dining, restaurants and bars since March 2020.
Here is a chance to purchase the real estate (stand-alone 2,892 sq. ft. brick building with a basement & parking on a 6,970 sq. ft. lot). According to the Seller in 2010 the building was gutted to the exterior walls and completely remodeled. Every foot of wiring and piping was replaced. The beautiful wood ceiling was sand blasted and allowed to be exposed. Great black duct work running through the bar and main dining room offers a wonderful contrast. Oak bar cabinetry and brilliant black onyx granite bar top and shelving is as inviting as it is striking to the eye. A combination of booths, high-tops and conventional tables for 71 offer seating for all preferences, as well as additional fenced in patio seating for 24 brings the total legal occupancy to 92.
Extensive Furniture, Fixtures & Equipment is included in the asking price. The equipment list will be provided in the Confidential Business Review. This has been a full-service restaurant & bar with a full pouring liquor license for many years.
The owner is ready to retire and feels this is an opportune time for a new owner to begin their dream.
There is still an extremely loyal customer base just waiting to get back in the swing of things; enjoying dining & drinks at their favorite watering hole.
Prior to these unprecedented times Gross Sales in 2018 were $692,780 with Seller's Discretionary Earnings of $112,046. Our broker projects 2022's Gross Sales to be approximately $670,000 with a Seller's Discretionary Earnings of $115,000. The business is still open but at this discounted price is being sold as an asset sale non-contingent on financials of current business.
This is a Great Opportunity!
Location: Worcester County, MA
Facilities: Restaurant was originally built in 1944 and rebuilt in 2010.
Financing: Possibly some Seller financing for a well-qualified buyer.
Support & Training: Seller supports transitional training.
Reason for Selling: Retirement
Contact: Lori Jacobson
Contact Phone: 508-753-1400
Contact Email: email@example.com
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