Lawrence, MA 01843,411-415 S Broadway
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Lawrence, MA 01843,411-415 S Broadway
Lawrence, MA 01843,411-415 S Broadway
Lawrence, MA 01843,411-415 S Broadway
Lawrence, MA 01843,411-415 S Broadway

$1,400,000

Est. payment /mo

$1,700,000

17.6%
Est.Price: ?

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411-415 S Broadway Lawrence, MA 01843

SOLD DATE : 11/09/2021

Key Details

Sold Price $1,400,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 72820116

Sold Date 11/09/21

Year Built 1924

Property Description

Jim's Original Subs in south Lawrence is for sale! This is for the real estate and the business combined, no lease here! This sale is not due to Covid but actually the contrary. Jim's has not closed down once since March and business is at an all time high due to the fact it was 90-95% take-out and delivery before Covid appeared. And being open until 1 AM helps! This is a turn-key business that will provide instant income. There is no sign of it slowing down as the last 3 yrs have showed a steady increase in sales as well as cash flow. He is willing to train the new buyer and/or allow them to come to the shop and view the day to day operations to verify that the business produces what the records say. He is completely transparent with financials and has all the tax returns and records that will show the succession over the last 3-4 yrs. Buyer will have to sign a non disclosure agreement to view the records. This is a rare opportunity for the right person that is in this industry!

Location

State MA

County Essex

Area South Lawrence

Direction On route 28 right over the Andover line and off route 495 in South Lawrence

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

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Listed by Century 21 McLennan & Company
Bought with Matthew McLennan • Century 21 McLennan & Company
agent

Brendan Duckworth

Agent | License ID: 33269 / CT009277

+1(401) 787-7128

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