Well Known- Popular Steak and Seafood Restuarant with Real Estate
Business Description
Well known, historic and popular Steak and Seafood Restaurant with Real Estate is now available. This family's commitment to quality and community has been central to the restaurant's enduring success for generations. Currently the business operates with approx. 7500 sf of the main level, with multiple function rooms along with dining areas, horseshoe bar including outdoor dining and with seating capacity for up to 300. The lower-Level features additional function / dining rooms /restrooms and bar for expanded future growth and added revenue. The establishment is renowned for its prime rib, hand-cut steaks and seafood with the ever-popular Phantom Gourmet naming it among the top five places for steak or prime rib. The Retiring owners will assist in a smooth transition for this turn-key business. Instant value can be added by utilizing the lower level with tapping into smaller wedding / party venues.
About the Business
- Years in Operation
- 60
- Employees
- 35
- Currently Home Based
- Yes
- Facilities & Assets
- The property is located on a major route. The total Buildng size is approx. 13,657 sf. Excellent opportunity for expansion, as the site can handle multiple functions on two separate levels at the same time. Plent of parking.
Well known for offering services like holiday takeout meals and partnering with local organizations for community benefit, demonstrating adaptability while maintaining its traditional New England charm. - Opportunities for Growth
- The Property features an additional, separate 6200sf finished lower level complete with full bar, function rooms, partial kitchen set up with bathrooms and direct street access to the parking lot. Excellent for future venues like weddings, catering vents and parties etc.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 14,000
About the Sale
- Seller Motivation
- Sellers Retiring
- Transition Support
- Retiring owners will stay on for support and training
- Financing Options
- Sellers may consider some financing
Listing Info
- ID
- 2389243
- Listing Views
- 283
Listing ID: 2389243 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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