Profitable Restaurant & Bar In Norfolk County - Corbett Restaurant Group
Boston, MA | Fort Lauderdale, FL | New York, NY | San Diego, CA
Sold
Property Details
Location: Norfolk County
State: Massachusetts
County: Norfolk County
Parking: Plenty of parking
Lease Terms: Three years remaining with options until 2047
Base Rent: $5,833
Seating: 150 inside (28 bar seats), 20 outside
Size: 4,800 square feet
Hours: Open 7 days/wk. 11:30a-1030p; open later on weekends
Licenses: Full Liquor/ Lottery/Entertainment & outside dining
Cash Flow: $310,000 per year
Sales: $3,500,000
Asking Price: $895,000 (For the Business)
Concept: Pub Style Family Restaurant

Profitable Restaurant & Bar in Norfolk County

An absolute gem of a pub style family restaurant. A true fabric of this community for the past 16 years. A consistent performer as it is the “go-to place” for friends and family. Located in a densely populated community, on a numbered highway, it boasts plenty of parking.

It certainly has that “ Cheers” feel where everyone knows your name! Its 34-seat island bar is popular for all age groups . Patrons enjoy some outside seasonal covered dining as well!

The restaurant is attractively decorated and recently updated . You have to do nothing here!!

A well-trained staff, with many long-term employees awaits you. This is very important in a tight labor market.

Now for the best feature…. the lease! It is way, way under market value. At a current volume level of 3.5MM it is 3%— imagine that! It extends to 2047 with very modest increases. You’ll never see anything like this.

The owner is retiring. This fantastic opportunity won’t last.

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