crave brasserie & wine bar
DESCRIPTION
Faulkner & Associates at Bean Group Commercial is proud to present for sale Crave Brasserie & Wine Bar. Crave is a popular and profitable restaurant located in Amesbury, MA on the North Shore of Massachusetts, a haven for restaurants and the arts.TRANSCRIPT
Crave Brasserie & Wine Bar
32R Elm StreetAmesbury, MA 01913
William Faulkner
Licensed in NH,MA,ME
Janet Faulkner978-828-8944
Licensed in NH,MA
❖ Amesbury's newest go-to hotspot!
❖ Very impressive growth
❖ Significant upside opportunity by adding lunch service
❖ Plenty of parking!
Phone: 603-766-1980 ● Fax: 866-311-9567 ● 72 Mirona Rd. Suite 17 ● Portsmouth, NH 03801 ● www.beangroup.com
Table of Contents
Real Estate Investment Details ..................................................................................... 3
Property Description .................................................................................................... 4
Property Photos ............................................................................................................. 5
Equipment....................................................................................................... Attachment
Financials........................................................................................................ Attachment
Real Estate Investment Details
ANALYSIS
Analysis Date: August 2012
PROPERTY
Property: Crave Brasserie & Wine Bar
Property Address: 32R Elm StreetAmesbury, MA 01913
Year Built: 2011
FINANCIAL INFORMATION
Down Payment: $69,000
Closing Costs: $1,000
LT Capital Gain: 15%
Federal Tax Rate: 25%
PURCHASE INFORMATION
Property Type: Commercial
Purchase Price: $230,000
Tenants: 1
Total Rentable Sq. Ft.: 1,750
LOANS
Debt Term Rate Payment LO Costs
Fixed $161,000 20 yrs 5.0% $1,063
INCOME & EXPENSES CONTACT INFORMATION
William Faulkner
603-930-6381
Licensed in NH,MA,ME
Janet Faulkner
978-828-8944
Licensed in NH,MA
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.
page 3 of 5
Property DescriptionCrave Brasserie & Wine Bar
32R Elm StreetAmesbury, MA 01913
William Faulkner603-930-6381
Crave Brasserie & Wine Bar
We are pleased to offer for sale Crave Brasserie& Wine Bar, a popular restaurant in the heart ofAmesbury. Rave reviews by all, fantastic repeatbusiness. Crave offers a menu of deliciousfreshly prepared dishes in a casual and cozysetting, boasting an extensive wine list and icecold micro brews on tap.
The open concept interior took five months tofinish. There are oversized tables with memoryfoam chairs. There are even club chairs forthose seeking added comfort.
Situated in a former train depot in the Lower Millyard, this 40 seat restaurant boasts 15' ceilings, acharming 10 seat bar, custom back bar and wine racks, open kitchen, office space and two restrooms in the 1750+/- sf space. Plenty of parking in the abutting parking deck. Approved plan for anoutdoor patio will increase seating and add another element to the infectious atmosphere.
Crave is adjacent to the Riverwalk, one of the shining jewels of Amesbury. The Lower Millyard isthe target of an ambitious growth and redevelopment plan by the city of Amesbury. This would be astrategic time to establish new ownership in such a great location.
Crave has experienced significant growth despite only being open five nights a week for dinnerservice. Revenues can be increased substantially by opening seven nights, or by adding lunch andbreakfast service.
Attractive long term lease available.
page 4 of 5
Property PhotosCrave Brasserie & Wine Bar
32R Elm StreetAmesbury, MA 01913
William Faulkner603-930-6381
Crave Brasserie & Wine Bar
page 5 of 5
EquipmentCrave Brasserie & Wine Bar32R Elm StreetAmesbury, MA 01913
FinancialsCrave Brasserie & Wine Bar32R Elm StreetAmesbury, MA 01913