Ascend Business Brokers is pleased to be offering a Popular Restaurant and Bar, featuring a raw bar. The restaurant is located north of Boston, in the greater Stoneham, Reading and Wakefield area.
This neighborhood restaurant is situated in a bustling location near tons of activity generators and commuters. The restaurant was substantially renovated in 2012, including the kitchen. The resulting build-out is top notch, featuring a stunning custom bar and raw bar. The equipment is clean and in great condition.
The restaurant presently is operated as a dinner restaurant, open only five (5) evenings per week. Menu items include, various appetizers (including from the raw bar), flatbreads, soups, salads, sandwiches, desserts, as well as classic seafood, chicken, pasta and beef entrees. Annual Gross Sales exceed 450k.
The restaurant operates under full liquor and entertainment licenses. Liquor, including beer on draft, accounts for approximately 25% of gross sales. There are various types of entertainment, including live music on the weekends.
There are numerous opportunities to boost sales at this location, opening for breakfast and/or lunch being the most obvious. The location could be a huge moneymaker for a variety of concepts. The Owner is motivated and wants to see offers.
The asking price for this restaurant only $165k.
This business is an Ascend Business Brokers exclusive listing. Contact us today for all the details.
We are MA business brokers and MA restaurant brokers, also servicing Southern New Hampshire and Southern Maine. For additional information, please visit Ascend Business Brokers, or call us at 866.970.7050, Ext 100.