$1,400,000
$1,700,000
17.6%For more information regarding the value of a property, please contact us for a free consultation.
411-415 S Broadway Lawrence, MA 01843
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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Bought with Matthew McLennan • Century 21 McLennan & Company