Business Overview

Profitable Springfield Mass Area Lakeside Restaurant For Sale. Located Just 20 Minutes Outside of Springfield Massachusetts in a Beautiful Lakeside Setting. Perfect Combination of Snacks, Treats, and other Delicious Food Offerings for this Recreational Setting. Open and Operating in the Same Great Location for Six Years. 2021 Annual Revenue of Around $450,000 Generates Owner Earnings Over $85,000. Strong Books and Records Should Qualify For SBA Lending. Owner Financing Considered For a Well Qualified Buyer.
If you are tired of working 9-5 and always dreamed of owning your own business, this could be the perfect opportunity. In addition to Owner Earnings North of $85,000, you also get the unique benefit of working lakeside! The Location of this Profitable Restaurant for Sale adjacent to a beautiful recreational lake with plenty of customers. There is outdoor patio seating and even a dock. The restaurant is perfect-sized 1500 square feet. You would think rent would be over $4000 per month given the location and revenue, but it’s an unbelievable $1200 Per Month. This amazing lease has four years remaining plus an option to renew guaranteeing the next owner years of continued success
This profitable lakeside restaurant just 20 minutes outside of Springfield by We Sell Restaurants has something for everybody. here you can order wings, chicken tenders, pizza, homemade sides, salads, sandwiches, pastas, wraps, ice cream and much more. Some of these categories of food and treats have been recently added which assumes years of continues sales and earnings growth. The inside is roomy and inviting. Outside is a patio complete with tables and chairs that can accommodate up to 40 guests while enjoying as spectacular view of the lake.
Don’t wait or you will miss out on this rare opportunity that checks all the boxes when looking for a business to own. It’s highly profitable, has strong books and records, plenty of upside potential and a terrific lease….all in a beautiful lakeside setting. And it should qualify for SBA Lending or the Owner will consider some seller financing for a well-qualified buyer. Contact your restaurant brokers at We Sell Restaurants Today.

Financial

  • Asking Price: $237,500
  • Cash Flow: $87,151
  • Gross Revenue: $459,689
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,500
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Owner To Provide Coming Soon

Is Support & Training Included:

Yes

Purpose For Selling:

Personal

Pros and Cons:

Recreational Area Lots of visitors

Opportunities and Growth:

Promote Delivery Expand Hours

Additional Info

The company was established in 2016, making the business 6 years old.

The business has 8 employees and resides in a building with approx. square footage of 1,500 sq ft.
The property is leased by the business for $1,200

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is extremely important that you not rely completely on a vendor's word, but rather, make use of the vendor's response along with your general due diligence. This will repaint a more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that profit margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new consumers? Many times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Specific elements such as brand-new competition sprouting up around the area, roadway building and construction, as well as employee turnover can impact repeat clients and adversely influence future earnings. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the possibility to build a returning customer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the neighborhood mean household income effect future income prospects?