Rare Opportunity With Property on the South Shoreccd - Corbett Business Sales & Acquisitions
Plymouth County

Rare Opportunity With Property on the South Shoreccd

Offered At
$ 2,695,000.00


Primary Industry
Restaurants & Food
Gross Sales
$ 100,000.00
Cash Flow
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Year Established
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Includes REA
Lease SF
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Real Estate Description
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Reason For Selling
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This seaside community offers a famous restaurant opportunity that has successfully operated by a committed family for 40 years. Generations of participation has resulted in strong financial success. The same results can happen for your group/family.
Nearly 3 acres of prime real estate with impeccable landscaping. It offers spectacular ocean views with ample parking for 160+ cars.

A recent bank appraisal valued the property and building at 3M. It has been said that this value will increase to 5M+ within the next 4/5 years. It is being offered at 2.695M— that’s 300k below today’s market value. Thus, the historic name BARKER TAVERN— all furnishings/ fixtures and equipment— the value of the good will are FREE!!

Overall, incredible value for property across the street from the Atlantic Ocean. You can operate as its current concept, or as an event only facility.

The restaurant boasts a cozy pub/tavern that is extremely popular. It has multiple dining areas that allow you open dining or an intimate dining experience that can be enjoyed with 5 smaller rooms seating from 5 to 20. Very popular for family dining. This historic setting has a very comfortable atmosphere and the feel of true country dining.

A beautiful appointed banquet room is suitable for any size group with seating for up to 200. The reputation it has built has made it the “go-to place” for weddings. Some families are planning weddings for the 3rd generation. The grandparents/ their children and now grandchildren will have had their reception here. AMAZING!!

Being known for exceptional dining and impeccable service keeps the dining rooms busy. The committed staff drives the family’s success.

2 full-service kitchens (that are joined) take care of all dining / banquet demands. A full basement supports all activity. The location is very active with strong demographics lead by an above average income level. They are active participants in community support.

As a bonus -154 luxury upscale residences are nearing completion. All have been sold! They are in the 1M+ price range. That’s 400 additional diners just 1/2 mile up the street.

Hopefully, the baton will be passed to the new owners who will continue the tradition of spirit and success.

PARKING: 160+ parking spots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
CONCEPT: Upscale/Casual Dining
SIZE: 9700 square feet on nearly 3 acres of land
SEATS: 200 in banquet room/168 in dining rooms/ 30 in the Pub/Tavern and a total of 30 upstairs (up to 5 intimate dining rooms)
HOURS: Tuesday-Saturday 4-10 pm & Sunday 1-9 pm
LICENSES:Full Liquor, CV and Entertainment Licenses
SALES: Restaurant sales are $2.5 million
ASKING PRICE: $2,695,000 (For the Business and Real Estate)

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