Landmark High-Volume Cambridge Restaurant
Business Description
8,500 SF Restaurant with All Alcohol License and Parking
LOCATION: Culinary Landmark at a high profile location conveniently located in the heart of Cambridge with an established reputation in Greater Boston. Serving families, businesspeople, and area schools & businesses.
DEMOGRAPHICS: Within a 1-mile radius we find 56,934 employees and 78,044 residents with an average income of $159,889.
SPACE: 8,500 square feet with bar and dining areas plus fully built out basement.
CAPACITY: Over 250 seats plus 40 seasonal.
PARKING: Up to 37 dedicated spaces
HOURS: Open seven days a week for lunch and dinner.
LICENSES: All alcohol license.
RENT: Below market rent of ~$14,000 per month, plus approx. $3,700/m NNN
LEASE: 30 years remain.
SALES: 2021: $2,750,000, 2022: $3,000,000, 2023: $3,250,000
CONCEPT: Well regarded for its standards of quality and service with dine-in and takeout options, a full bar, a strong catering business, and room for private parties, banquets, and functions
PRICE: The asking price is $1,000,000 for all business assets, all-alcohol license and Lease. Generous seller financing available
FURTHER INFO: Financial information can be made available for qualified buyers with the execution of a Non-Disclosure Agreement.
LOCATION: Culinary Landmark at a high profile location conveniently located in the heart of Cambridge with an established reputation in Greater Boston. Serving families, businesspeople, and area schools & businesses.
DEMOGRAPHICS: Within a 1-mile radius we find 56,934 employees and 78,044 residents with an average income of $159,889.
SPACE: 8,500 square feet with bar and dining areas plus fully built out basement.
CAPACITY: Over 250 seats plus 40 seasonal.
PARKING: Up to 37 dedicated spaces
HOURS: Open seven days a week for lunch and dinner.
LICENSES: All alcohol license.
RENT: Below market rent of ~$14,000 per month, plus approx. $3,700/m NNN
LEASE: 30 years remain.
SALES: 2021: $2,750,000, 2022: $3,000,000, 2023: $3,250,000
CONCEPT: Well regarded for its standards of quality and service with dine-in and takeout options, a full bar, a strong catering business, and room for private parties, banquets, and functions
PRICE: The asking price is $1,000,000 for all business assets, all-alcohol license and Lease. Generous seller financing available
FURTHER INFO: Financial information can be made available for qualified buyers with the execution of a Non-Disclosure Agreement.
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 8,500
- Rent
- $14,000.00 per month
Listing Info
- ID
- 2309998
- Listing Views
- 939
Attached DocumentsAttachment Disclaimer
Listing ID: 2309998 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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