Outer Cape Cod, MA - ***UNDER AGREEMENT*** Landmark tavern serving lunch and dinner. This local landmark caters to a loyalist crowd of tourists and locals and has operated at this location for over 50 years, yes 50 years! The restaurant boasts seating for 65 while pumping average revenues north of $1.5 million! This cash cow is ideal for a hands-on operator, with historic discretionary earnings over $250,000 annually to a working owner. The restaurant has an excellent year-round staff and full kitchen staff w/ several key employees that allow present ownership to operate absentee. A long term lease with annual rent of $42,000 makes occupancy cost very manageable with the high-volume revenue. Ownership has invested over $130,000 in equipment and improvements over the last 5 years. Owners wish to retire but are committed to assisting in transitioning the restaurant to new ownership. Asking Price $450,000 email abauer@tbxllc.com for more info … [Read more...]
Cape Cod Powerhouse Landmark Restaurant
Hyannis, MA - ***UNDER AGREEMENT***For the better part of two decades this Hyannis staple has been one of the leaders in the local restaurant scene and is now available for the first time! Historically a "go to" spot for locals and tourists, this restaurant thrives in the off season with entertainment multiple nights and a loyal following. The restaurant offers nearly 4,000 SF of first floor retail with seating for 217 patrons. Municipal water and sewer and abutting public parking allows year round ease of access for customers. 60% food and 40% beverage and 3 year average revenues just under $2M. Key management is available, and ownership will assist in transition and offer longer term consulting. Owners seek to retire. Asking Price $1.95M Email abauer@tbxllc.com for additional information … [Read more...]