Popular Tavern South Of Boston For Sale

Description

Restaurant and bar for sale after approximately 15 years under the current operation. The business serves a broad local customer base and includes a separate function room for private gatherings.

Location

• Located on a numbered highway
• Across from a busy grocery store
• Traffic signal directly in front of the property
• Approximately three minutes from a major route
• On-site parking available

The seller considers visibility and parking to be two of the property's main advantages.

Business profile

The restaurant combines dining, bar sales, Keno activity and private events.

• Full restaurant operation
• Active bar area
• Keno
• Private function room
• Experienced staff already in place

The function room is used for business meetings, family gatherings and other private events.

Keno revenue

The seller reports approximately $65,000 in Keno commissions during the previous year.

Buyers should verify this figure through Massachusetts Lottery statements and review any licensing or transfer requirements associated with continued Keno operation.

Facility

Approximately $400,000 was invested in a renovation and refresh in 2020. The seller reports continued maintenance and updates since that work was completed.

Sales and growth

The seller reports consistent sales and believes annual revenue could potentially increase from approximately $4 million toward $5 million with additional marketing and operating initiatives.

• Increase local marketing
• Expand private-event business
• Develop additional promotions
• Increase bar and event traffic
• Improve digital marketing and customer retention

The $5 million figure should be treated as a growth target rather than a forecast or guaranteed result.

Staff and transition

The restaurant has an experienced team in place, including several long-term employees.

The owner is willing to provide transition support to help transfer operating knowledge, vendor relationships and management responsibilities.

Financing and due diligence

The listing states that the business may be suitable for SBA financing. Final eligibility will depend on lender underwriting, buyer qualifications and SBA approval.

Buyers should verify historical financials, current-year sales, Keno commissions, food and beverage margins, labor costs, lease or real estate terms, equipment ownership, licenses, private-event deposits, inventory and the details of the 2020 renovation before closing.