Scenic Lakeside Restaurant & Banquet Facility

Asking Price$575,000

Cash Flow
$275,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,780,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price
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Scenic Lakeside Restaurant & Banquet Facility


Asking Price$575,000

Cash Flow
$275,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,780,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price

Seller Financing Available
Business Description
Don't miss the opportunity to take over this legendary establishment that sits in a historic town very close to a major university.. This restaurant, bar and event venue has the potential to gross 3-4 million dollars a year with an experienced and aggressive new owner.

The STAR OF THE SHOW is the gorgeous water view that surrounds this gorgeous restaurant setting. Not only local customers support this gem but many that travel from all over New England to share the great ambiance as well as the delicious food and beverages that this well known watering hole has produced for decades.

Whether you're in the mood for a quick lunch, happy hour inside at their 30+ seat bar and 70 seat bar room, or in their 200 seat combo dining room/banquet room the STAR OF THE SHOW (the water view) is the focal point to complement your dining experience!

Not so fast, we are not done yet! The second STAR OF THE SHOW is the seasonal patio that abounds the water that can host 300 people for dining or entertainment! This establishment has multiple streams of income and also has a small apartment on the property that is included in the rent.

FOR FURTHER INFORMATION PLEASE FILL OUT AN NDA ON LINE BY GOING TO abc4restaurants.com
About the Business
Facilities & Assets
This gorgeous facility has a fully equipped kitchen along with a large bar that seats 30+ and a bar room with additional seats. The combo dining/banquet area overlooking the water seats 200+ and a glass wall permits diners to a romantic view of the water. The second STAR OF THE SHOW, the seasonal patio can hold up to 300 people for cocktails, dining or banquets. Great rent of $8500 nnn includes 7000 sf inside, 3000sf patio. and apartment.
Market Outlook / Competition
This is a one of a kind facility. Few in the area can compare to this
Opportunities for Growth
A new operator can bring this business to the next level! this is basically an asset sale. Any concept can work here. There are no limits to the money someone can make here!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
7,500
Rent
$8,500.00 per month
About the Sale
Seller Motivation
Retirement. Owner has worked all his life and wishes to enjoy his golden years!
Transition Support
Owner will stay on for a period of time to train
Listing Info
ID
2220408
Listing Views
2325

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Business Listed by: Joe Granato ABC4Restaurants /ABC4Commercial (Investment Properties)

Listing ID: 2220408 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.