Worcester County Long Standing Full-Service Restaurant w/ Real Estate

Worcester County, MA

This recently renovated restaurant has been serving Worcester County for several decades! There are three unique dining spaces within. A casual room with booths and mixed seating for a quieter dining experience, a large, expansive bar/lounge area with 38 barstools, and a function space for 80 that can also be used for additional seating during peak times. The location provides a large parking lot with an additional adjacent lot that is used for overflow and employees. The restaurant also has a large patio that is used for dining and can be reserved for private functions. This large-scale property has indoor seating for 325 and outdoor seating for 60. The menu is filled with plenty of appetizers, salads, sandwiches, entrees, and desserts. Full liquor license. 70% food sales 30% alcohol sales.

Sales growth year over year = 10%
There are over 500 new homes within a 3-mile radius nearing completion that will add to sales growth in the years ahead.
Same ownership since inception (several decades)
Gross Sales 2023: 4.1 million
SDE: $515,738
Number of Employees: 50 +
Support/Training: 1-2 weeks
Asking Price Business: $1.545M + inventory
Asking price Real Estate $2.7M

Real estate is included in the offering. The property consists of two (2) adjacent mixed-use buildings situated on three parcels of land. One of the buildings has six (6) units comprised of four (4) retail units and two (2) residential units. The second building has four (4) units comprised of one (1) retail unit and three (3) residential units. The buildings have a combined gross building area of 30,345± square feet and a gross finished area of 22,401± square feet. The two buildings are sited on three (3) combined parcels totaling 1.17± acres. All units are fully rented and have been updated to all fire and safety codes. All buildings have been recently updated with new roofs, siding, and HVAC systems.

email Paul Turano pturano@tbxllc.com for more information