Successful Restaurant Property In Worcester County For Sale

Description

Freestanding restaurant property for sale in Worcester County, Massachusetts. The location has operated as a restaurant for more than 70 years and is being offered with the underlying real estate and business assets.

Financials

• Historical annual sales: more than $1,000,000
• Current-year sales: approximately $800,000
• Asking price: $675,000
• Business assets and real estate included
• Current brand name excluded from the sale

The seller attributes the decline from historical sales to reduced operating hours. Buyers should review current monthly results, prior-year tax returns and POS reports to understand the change in performance.

Property

• Freestanding restaurant building
• Main restaurant area: approximately 4,500 sq. ft.
• Basement: approximately 1,000 sq. ft.
• Second-floor office: approximately 200 sq. ft.
• Approximately 150 seats
• Dedicated customer parking
• Visible roadside signage

The property is positioned on a high-traffic site with substantial parking. Buyers should independently confirm traffic counts, zoning, property boundaries and permitted signage.

Restaurant operation

The current concept is a family restaurant operating six days per week.

A buyer may continue operating a restaurant from the existing facility or introduce another permitted concept. Because the current trade name is excluded, any new owner will need to establish separate branding unless otherwise negotiated.

Equipment

The seller reports that the restaurant equipment is maintained and currently in good operating condition.

A detailed asset list should be reviewed to confirm which kitchen equipment, furniture, fixtures and other operating assets are included in the transaction.

Licenses

• Liquor license
• Entertainment license

The licenses are represented as part of the current operation. Continued use or transfer remains subject to applicable Massachusetts and local approval requirements.

Financing

The seller is seeking cash buyers or buyers using hard-money financing. Buyers should confirm whether conventional or other financing structures will be considered before pursuing the transaction.

Growth

• Restore or extend operating hours
• Increase private events and entertainment
• Develop catering and takeout
• Introduce a new restaurant concept
• Increase local and digital marketing

Due diligence

Buyers should verify historical and current sales, cash flow, real estate value, title, property taxes, zoning, building condition, equipment ownership, liquor and entertainment license status, parking rights and the exact assets included in the $675,000 asking price before closing.