Irish Pub With Real Estate North Of Boston For Sale

Business description

Irish Pub & Restaurant with Real Estate just north of Boston. This is a long established and successful business; the owner is tired and ready to retire. A new Buyer could run with the existing concept or convert to something different. With the facility and Full Liquor & Entertainment Licenses it is ideal for most any concept. The Seller is motivated; asking $349,000 for the Business or $1,185,000 for the Business & Real Estate
PARKING: Private lot plus with 72 plus spaces and on street parking and adjacent lots.
EQUIPMENT: The equipment has been well maintained and is of good quality.
CONCEPT: Irish Pub & Restaurant
SEATING: 236 seats for patrons inside plus 65 seats outside
HOURS: 11:00AM –1:00AM
LICENSES: Full Liquor & Entertainment with Live Music
SALES: Approximately $700,000 per year (historically much higher $1,200,000)
CASH FLOW: Approximately $125,000 per year

Property information

Premises details:

The Restaurant is approximately 3,500 square feet on the first floor, plus a second story
REAL ESTATE: Has been appraised for $780,000
RENT: $6,000 per month NNN (TBD if real estate is not purchased)

Business Operation

Reasons for selling:

Retirement

Trading hours:

11:00 AM - 1:00 AM

Employees:

15

Years established:

1998

Other information

Support & training:

Training and Support will be provided

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Some financing available for qualified Buyers

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$8,000