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$69,000 MLS ID#: 73022258
Business Type: Restaurant w/out Liquor
SQFT:
48000
LOT size:N/A
22 Confidential
Lowell, MA 01854

Property Description

Well-established profitable pizza and ethnic food. The restaurant is inside one of the most prominent office buildings next to UMass Lowell and has a high foot traffic year-round location. The place can seat up to 50 people. The lowest average income is $6500 weekly; the restaurant is open only for 6 days, 11:00 - 9:00. The business was established 6 years ago and has been managed by the current owner since 2019. The monthly rent is $2700, including the water/sewer/trash/AC/RE taxes and snow remover. Ample parking for 32 cars. Equipment includes 2 pizza ovens, 3 fridges, 2 freezers, 2 cold/salad stations, 1 fry station, large grill, microwave, warmer, and 3 soda fridges—Growth & Expansion: to add catering and delivery service. Great opportunity to own a business in a big town; call now.

Property Details

Business Information

  • Special Licanses: No
  • Documents on File: Appraisal, Lease Agreement, Pro. Forma, Soil Survey

Financial Information

  • Gross Annual Income: 336000
  • Net Operating Income: 90000
  • Tenant Expenses: Electric, Insurance, Taxes

Building & Lot Information

  • Restrooms: 2
  • Zoning: Legal Conforming
  • Building Construction: Brick
  • Utilities: 220 Volts, Natural Gas, Public Sewer, Public Water
  • Last Updated: 08/10/22

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Seller's Representative: Sam Takla, Coldwell Banker Realty - Framingham

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2022-08-10 03:05:00

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