Quick Service Restaurant In Nantucket For Sale

Business description

Prime Quick Serve Restaurant available for Sale in Nantucket. This successful restaurant has a prime location in a high traffic area on the island. The Seller recently invested $150,000 in new equipment and leasehold improvements. The concept is successful but the Seller has multiple concepts and locations and is simplifying his life. The location is ideal for a Clam Shack, Seafood or late night dinning.

FACILITY: The space is approximately 650 square feet (325 s/f on the 1st and 325 s/f on the 2nd) with a 6 person seating capacity.

LICENSES: C.V.

PARKING: Adjacent lots and on street parking

LEASE TERM: Five (5) years remaining on the current lease with one five (5) year option available

BASE RENT: $66,244 per year (To be paid in two payments)

CONCEPT: Quick Service Restaurant

SEATING: There is seating for 6 patrons inside (mostly take out business)

HOURS: Open from 11:00 AM – 9:00 PM, 11:00 PM on Weekends (License is 5:00 AM – 2:00 AM)

SALES: Approximately $325,000 in 2011

ASKING PRICE: $100,000 (For the Business Assets, Some financing available for qualified Buyers)