Somerville MA Assembly Row - Fast-Casual Restaurant for Sale
Business Description
LOCATION: Somerville, Massachusetts – Located in the popular Assembly Square with high foot traffic + nearby office pop. Proximate to I-93.
RESTAURANT: ~1500 Sq. Ft. + Patio Also has approx. 250 Sq. Ft Dry Storage
CAPACITY: Occupancy 51 – Seats 31
CONCEPT: Readily adaptable location perfect for a fast casual concept. Full kitchen with full hood and ADA Bath
LICENSE: Common Victualer & Beer & Wine license included
HOURS: Open for lunch and dinner seven (7) days a week.
HISTORY: Initial investment of $580,000. Extensive renovations 1-2 yrs ago.
CONDITION: Well-maintained, turn key condition.
TRADE AREA: Within a 2-mile radius we see a population of 181,080 with an average household income of $167,370. 116,324 employees work in this area.
RENT: $12,115 total occupancy costs
LEASE: Current term expires 2033, plus One 5-year option
PRICE: $545,000 for all Leasehold improvements, FF&E
FURTHER INFO: Additional information can be made available for qualified buyers with the execution of a Non-Disclosure Agreement.
RESTAURANT: ~1500 Sq. Ft. + Patio Also has approx. 250 Sq. Ft Dry Storage
CAPACITY: Occupancy 51 – Seats 31
CONCEPT: Readily adaptable location perfect for a fast casual concept. Full kitchen with full hood and ADA Bath
LICENSE: Common Victualer & Beer & Wine license included
HOURS: Open for lunch and dinner seven (7) days a week.
HISTORY: Initial investment of $580,000. Extensive renovations 1-2 yrs ago.
CONDITION: Well-maintained, turn key condition.
TRADE AREA: Within a 2-mile radius we see a population of 181,080 with an average household income of $167,370. 116,324 employees work in this area.
RENT: $12,115 total occupancy costs
LEASE: Current term expires 2033, plus One 5-year option
PRICE: $545,000 for all Leasehold improvements, FF&E
FURTHER INFO: Additional 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.
- 1,500
- Rent
- $12,115.00 per month
- Lease Expiration
- 1/1/2033
Listing Info
- ID
- 2401490
- Listing Views
- 289
Attached DocumentsAttachment Disclaimer
Listing ID: 2401490 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.
Businesses for SaleMassachusetts Businesses for SaleMassachusetts Food & Beverage Businesses for SaleMassachusetts Restaurants Businesses for Sale
Similar Listings
