Profitable Restaurant & Bar with Great Upside - Somerville
Business Description
Opportunity awaits to take over the existing business or bring your own concept to the newly renovated 4,300 sf full-service restaurant. Located in one of the most densely populated cities right outside of Boston.
PARKING: Street parking & local municipal lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 8 years remaining with one (1) 10-year option
BASE RENT: $21,250 per month plus NNN (NNN= approx. $3k/mo.)
CONCEPT: Restaurant & Bar
SEATS: Capacity of 140 – outdoor patio of 45 seats
SIZE: 4,300 sf plus additional basement with kitchen prep, coolers, and bathrooms
HOURS: Open Daily
LICENSES: Full Liquor License
SALES: $2,380,330 per year
CASH FLOW: $230,000 per year
ASKING PRICE: $700,000 (For the Business) – 450K plus Buyer to assume $250K note from landlord
PARKING: Street parking & local municipal lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 8 years remaining with one (1) 10-year option
BASE RENT: $21,250 per month plus NNN (NNN= approx. $3k/mo.)
CONCEPT: Restaurant & Bar
SEATS: Capacity of 140 – outdoor patio of 45 seats
SIZE: 4,300 sf plus additional basement with kitchen prep, coolers, and bathrooms
HOURS: Open Daily
LICENSES: Full Liquor License
SALES: $2,380,330 per year
CASH FLOW: $230,000 per year
ASKING PRICE: $700,000 (For the Business) – 450K plus Buyer to assume $250K note from landlord
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $21,250.00 per month
Listing Info
- ID
- 2370830
- Listing Views
- 574
Listing ID: 2370830 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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