Beloved Landmark Institution – Profitable Restaurant & Bar – North of Boston

Beloved Landmark Institution – Profitable Restaurant & Bar – North of Boston
Available

First time offering for this historic institution!! This very much loved and respected full service restaurant and bar has deep roots in the community! The passionate owner built out this amazing space forty years ago and it has served as a community fixture for decades! Known as the go-to spot for family dining, its active bar, private functions and off-site catering events, the business enjoys a strong and loyal following. Housed in a stunning structure, the space offers a unique blend of heritage and charm. It’s frequented by locals, politicians, and dignitaries. The business has been running absentee for some time. A long-term and loyal staff in place keeps the business running like a well-oiled machine and will stay on for new ownership!

With a consistent, year-over-year customer base and steady growth, there is significant upside potential. A light refresh of the menu and décor could further boost both sales and profits. Perfect opportunity for a seasoned operator, or an established group looking for a busy, profitable, one-of-a-kind spot to add to their brand. All sales and profits are verifiable which makes this an SBA bankable deal. Owners are reasonable and committed to a smooth transition; they respectfully ask we only share the details with well-qualified buyers who can verify proof of funds. Inquire to schedule a confidential showing of this rare must-see opportunity today!!

Property Details

Listing Price
$499,000
Type
Full Service
Concept
Family Restaurant and Sports bar
Sales
$2,738,043
Location
North of Boston
State
Massachusetts
County
Middlesex County
Square Footage
7,992
Square Footage (Additional Notes)
7,992 square feet plus basement
Seating
254
Seating (Additional Notes)
(Licensed for 277 seats)
Parking
Private Lot, Public Lots and Street Parking
Base Rent (Additional Notes)
$18,500 (Includes the NNN)
Lease Terms
Four years remaining with Three Five Year Options
Includes Real Estate
No
Liquor License
Yes
Licenses
Full Liquor License, Entertainment License
Hours
Open daily for Lunch and Dinner

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