Profitable Restaurant & Bar in Norfolk County

Profitable Restaurant & Bar in Norfolk County
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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.

Property Details

Listing Price
$895,000
Listing Price (Additional Notes)
$895,000 (For the Business)
Type
Full Service
Concept
Pub Style Family Restaurant
Sales
$3,500,000
Cash Flow
$310,000
Location
Norfolk County
State
Massachusetts
County
Norfolk County
Square Footage
4,800
Seating
170
Seating (Additional Notes)
(150 inside, 20 outside)
Parking
Plenty of parking
Base Rent
$5,833
Lease Terms
Three years remaining with options until 2047
Includes Real Estate
No
Liquor License
Yes
Licenses
Full Liquor/ Lottery/Entertainment & outside dining
Hours
Open 7 days/wk. 11:30a-1030p; open later on weekends

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