Restaurant with Real Estate Worcester County

Restaurant with Real Estate Worcester County
Location: Worcester County, Massachusetts

Financial Information
Asking: 1,950,000
Income Property Gross Income: 1,290,150
Income Property Net Operating Income: 350,000
FF&E: $418,000
Inventory:  $19,000 (included)

Summary Description
Warm and Friendly Family Style restaurant with 3 separate dining rooms (can and are used for private functions) Plus a great pub area. Maximum occupancy 365. This is a well established and popular family establishment with a fantastic atmosphere, beautiful rooms, and wonderful kitchen. Plenty of parking. The Real Estate is included in this offer. Nicely located in Worcester County. This Restaurant is a Cash Generator!

Facilities: One story wood frame 6,710 sq. ft. building used as a restaurant. There is a small second floor office and storage room. Land is 3.8 acres in 3 parcels. 465 ft. Frontage.

Current Property: This piece of real estate is an ongoing restaurant and will be sold as a business with real estate included. (The price includes business and real estate.) Property taxes are approx. $12K. 400 amps electric. Last appraisal was 2004

Financing: Negotiable if required by bank

Location Description: Location is terrific. Water is very close and major intersection of an interstate highway is .25 mile away. Plenty of parking.

Current and Prior Use: It would appear to be easy to develop the site further. Site is essentially level. The site has sewer access and is zoned for business use.

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