Merrimack Valley Function/Restaurant Facility
Business Description
EXCEPTIONALLY RARE OPPORTUNITY TO BUY A MAJOR FUNCTION FACILITY, WITH A RESTAURANT & LOUNGE …AND THE REAL ESTATE
LOCATION: North Shore…long highway frontage…4 acres with town sewerage
ASKING PRICE: $3.5M for the business w/net income over $2 MILLION/yr.
The real estate was recently appraised for $4.5M. SBA and some seller financing is available for a seasoned operator who is creditworthy.
SALES VOLUME IS CONSISTENTLY WELL OVER $3 MILLION PER YEAR
Net Profit is approximately $1.5M/yr. (seller pays himself $500,000/yr. for rent!)
Buy the entire package for approximately $8M business and the real estate.
BUY JUST THE BUSINESS FOR $3.5M just for the business netting $1.5M a year and the real estate later.
SQUARE FOOTAGE of the Bldg.: 18,000 sf. on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.
SEATING: (inside about 600 seats) (outside 500 - 800 seats)
REASON FOR SELLING: Time to retire.
COMMENTS: If you’re in the restaurant/function business and feel it’s time to expand to another level, this is the place. Pristine property, huge reputation, and incredibly loyal repeat customers. Strong, experienced staff will stay. See it…make an offer.
There’s a huge pent-up demand for function, entertainment, and dining. This place has it all!
LOCATION: North Shore…long highway frontage…4 acres with town sewerage
ASKING PRICE: $3.5M for the business w/net income over $2 MILLION/yr.
The real estate was recently appraised for $4.5M. SBA and some seller financing is available for a seasoned operator who is creditworthy.
SALES VOLUME IS CONSISTENTLY WELL OVER $3 MILLION PER YEAR
Net Profit is approximately $1.5M/yr. (seller pays himself $500,000/yr. for rent!)
Buy the entire package for approximately $8M business and the real estate.
BUY JUST THE BUSINESS FOR $3.5M just for the business netting $1.5M a year and the real estate later.
SQUARE FOOTAGE of the Bldg.: 18,000 sf. on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.
SEATING: (inside about 600 seats) (outside 500 - 800 seats)
REASON FOR SELLING: Time to retire.
COMMENTS: If you’re in the restaurant/function business and feel it’s time to expand to another level, this is the place. Pristine property, huge reputation, and incredibly loyal repeat customers. Strong, experienced staff will stay. See it…make an offer.
There’s a huge pent-up demand for function, entertainment, and dining. This place has it all!
About the Business
- Facilities & Assets
- 18,000 sf. of pristine function space over multiple rooms, and dining room with a great lounge area on over 4 acres of land with over 300 parking spaces. The 18,000-sf. bldg. is totally sprinkled with town water.
SEATING: (inside about 600 seats)(outside 500 - 800 seats) - Market Outlook / Competition
- minimal
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 18,000
About the Sale
- Seller Motivation
- retiring with a boat load of cash.
- Transition Support
- As much as required...seller will stay on for up to a year.
- Financing Options
- The real estate was recently appraised for $4.5M. SBA and some seller financing is av
Listing Info
- ID
- 2351616
- Listing Views
- 820
Attached DocumentsAttachment Disclaimer
Listing ID: 2351616 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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