Profitable Restaurant & Bar With Great Upside
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. 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 on the ground floor 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: $599,000 (For the Business)
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