Rare Nantucket Restaurant For Sale

Business description

Prime Restaurant/Bar available for lease in Nantucket. This long established restaurant has a prime location on the famous island. The restaurant was open and operating in the 2011 Season and has a complete and operational FF&E package. It is a beautiful facility with a location that cannot be beat. The restaurant has a Full Liquor license and seating for 156 persons. The landlord is looking for a new long term, well qualified and experienced tenant. This is a rare leasing opportunity!

LOCATION: Nantucket is a Mecca for the tourism industry and is drawing people to its natural and everlasting beauty along with its first-rate attractions, accommodations and restaurants. Nantucket has a year round population of over 10,000 and then swells to 50,000-60,000 during July and August. The Island is known for its beautiful cobblestone streets, excellent restaurants, charming lodging establishments and historical locations available to the public. The island is easily reachable year round by ferry boat or plane service.

FACILITY: The restaurant is 3,250 square feet

PARKING: On street parking

SEATING: 156 person seating capacity

SALES: $1,100,000 in 2011 (with higher historical sales)

LICENSES: Full Liquor license

HOURS: 8:00 AM – 1:00 AM

RENT: $150,000 per year ($75,000 at lease signing)

LEASE TERM: Seven (7) year initial term