Ethnic Restaurant For Sale
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The restaurant has been a local favorite for over 20 years, having opened in 2005. The seller is interested in relocating to south of Boston. With all the recent developments in downtown Beverly, there is a great deal of potential with the new residential condos and apartments.
ADDRESS: Beverly, Massachusetts, 01915
LOCATION: The restaurant is located in downtown Beverly, near the train station and approximately 15 minutes from Route 128.
SIZE: The space is very functional with approximately 2,000 square feet.
SPACE: The interior features a dining area, bar, kitchen and rest room facilities. There is a storage room and refrigeration located on the second floor.
CONCEPT: Currently operating as a full-service restaurant.
SEATING: Licensed for 76 patrons.
PARKING: There is ample on-street parking and 3 parking spaces for the owner.
LICENSE: The bar has a Full Liquor License.
HOURS: Open daily 11:00AM – 10:00PM
RENT: The rent is currently $3,500 month / $42,000 year. The rent includes the real estate taxes.
LEASE TERM: Approximately 2 years remaining, plus an option of five (5) years.
SALES: Sales in 2024 were approximately $400,000.
PRICE: The asking price for the assets, including the full liquor license, is $95,000.
COMMENTS: Ideal opportunity for a working owner/operator. The space is adaptable to multiple concepts.
Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.
ADDRESS: Beverly, Massachusetts, 01915
LOCATION: The restaurant is located in downtown Beverly, near the train station and approximately 15 minutes from Route 128.
SIZE: The space is very functional with approximately 2,000 square feet.
SPACE: The interior features a dining area, bar, kitchen and rest room facilities. There is a storage room and refrigeration located on the second floor.
CONCEPT: Currently operating as a full-service restaurant.
SEATING: Licensed for 76 patrons.
PARKING: There is ample on-street parking and 3 parking spaces for the owner.
LICENSE: The bar has a Full Liquor License.
HOURS: Open daily 11:00AM – 10:00PM
RENT: The rent is currently $3,500 month / $42,000 year. The rent includes the real estate taxes.
LEASE TERM: Approximately 2 years remaining, plus an option of five (5) years.
SALES: Sales in 2024 were approximately $400,000.
PRICE: The asking price for the assets, including the full liquor license, is $95,000.
COMMENTS: Ideal opportunity for a working owner/operator. The space is adaptable to multiple concepts.
Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.
About the Business
Real Estate
- Owned or Leased
- Leased
Listing Info
- ID
- 2439215
- Listing Views
- 61
Listing ID: 2439215 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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