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Accommodation & Food Services

Profitable Restaurant & Bar With Great Upside

Somerville, MA, USA
Updated 183 days ago

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)

Real Estate

Lease

Financials

Asking Price
$599K
RevenueMost Recent Year
$2.4M
Earnings (SDE)Last Reported
$230K
Assets Value
Undisclosed
Seller Financing
Not available

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