SOLD! South Shore Landmark F/S Seafood Restaurant w/ Function Business

SOLD!

We are pleased to announce the sale of Haddad’s Ocean Cafe located at 291-293 Ocean St. Marshfield, MA!

Adam Bauer, CBI Bauer, Principal of The Business Exchange and David Ellis, Managing Director of Ellis Realty Advisors exclusively arranged the sale on behalf of ownership Haddad Realty Trust, LLC & Ocean Café, INC.

The respective brokers collaborated to also procure the buyer Table Nine Hospitality Group.

The 12,500 SF free standing waterview restaurant in the Brant Rock area was constructed in 2012. The Haddad Family has been a stalwart in the Marshfield business community and staple operating in Brant Rock since 1937. The real estate sale closed at $3.1M and an undisclosed amount for the operating business.

Attorney Timothy Houten of Houten Law represented the Seller and Louis Dakoyannis of DS Law the Buyer. Financing for sale was arranged by Michael DiNapoli of Eastern Bank in collaboration with BDC New England.

The new operators will continue the legacy of Haddad’s paying homage to the many years the family built the business as an integral part of the Marshfield landscape and community.