23 West Rd - Restaurant FOR SALE


Orleans, MA 02653
$1,600,000 USD
508-367-1898
23 West Rd, Orleans, MA for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

23 West Rd
Orleans, MA 02653


HIGHLIGHTS

  • 29 Years continuous operation of fine dining.
  • Well equipped, Professionally run and tastefully appointed
  • Very loyal Following
  • Affluent demographics
  • Un tapped potential for lunch and private parties

OVERVIEW

Established fine dining restaurant and bar located in the affluent Orleans, MA market, operating successfully since 1997. This boutique establishment has built a stellar reputation as a local favorite, known for exceptional cuisine and outstanding service over its impressive 29-year run. BUSINESS OVERVIEW: This one-of-a-kind restaurant generates $1,500,000 in annual revenue with a loyal customer base that has sustained the business through nearly three decades of operation. The establishment holds a coveted full-year liquor license, which are limited in Orleans, providing a significant competitive advantage. FACILITY & ASSETS: The 2,864 square foot property features a recently expanded and meticulously maintained interior, complemented by a beautiful outdoor dining area. FF&E valued at $950,000 reflects the quality and condition of restaurant equipment and furnishings. Inventory value of $50,000. Real estate owned by seller with value of $975,000. STAFFING & OPERATIONS: Currently employs 24 team members, demonstrating substantial operational scale. The business benefits from Orleans' year-round tourism with peak season from June through September, ensuring consistent revenue streams. GROWTH POTENTIAL: Significant untapped opportunities exist in breakfast service, lunch expansion, and private party catering. These revenue streams could substantially increase profitability for a motivated buyer willing to extend operating hours and services. MARKET POSITION: Orleans enjoys consistent year-round business activity, and this restaurant's 29-year track record speaks to its exceptional market position and customer loyalty. The limited liquor license availability creates a protective moat around the business. TRANSITION SUPPORT: Owners are retiring and will accommodate an appropriate transition plan to ensure seamless handover of operations, customer relationships, and institutional knowledge. This represents a rare opportunity to acquire a well-established, profitable restaurant in a prime Cape Cod location with substantial growth potential and strong market fundamentals.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

LB

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Richard CataniaThe Realty Advisory, Inc.More Info
508-367-1898

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Richard CataniaThe Realty Advisory, Inc.More Info
508-367-1898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.