Full Service Pizza And Italian Restaurant In Boston For Sale

Business description

Located on Main Street, steps away from Gloucester’s historic fishing community, is a full service pizza / Italian restaurant with a newly acquired seven day full liquor license. The restaurant is located on a corner lot in the epicenter of downtown Gloucester. There is 2100 sq. feet of space on ground level with a dining area that seats 65 people. Upstairs features a full 2100 sq. ft. function facility and office. There are 10-14 parking spaces behind the restaurant along with street parking. Every year there are major events that pass in front of the restaurant: The 83 year old St. Peters Fiesta that draws 100k people; the 4th of July celebration; 5 block parties throughout the spring, summer and fall; A sidewalk Bizarre that’s a 3 day event and a Marathon road race with the finish line that ends right in front of the restaurant. All that’s needed is a new owner with the dream and vision to come in, run the restaurant, take advantage of booking the function hall upstairs, add delivery service, web orders, a catering service and you will have an extremely profitable business that will last a lifetime. Seller is willing to stay on as a consultant to help the new owner get up and running with his proven, very profitable and successful system. All furniture, fixtures, full equipment, food recipes and are all included for $35,000. The restaurant has had a history of a seven figure gross sales. There is a 7 day full liquor license for consideration.

Property information

Real Estate:

Lease

Premises details:

4,200 sq ft, $5000.00

Business Operation

Reasons for selling:

Retirement

Trading hours:

Days: Monday-Sunday

Years established:

33

Other information

Financing available:

Downpayment Required: $0