Chef Inspired Restaurant & Bar in Prime Corner Location

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Chef Inspired Restaurant & Bar in Prime Corner Location
Asking Price:
$375,000

Gross Revenue:
$1,200,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Outstanding Chef Inspired Restaurant & Bar with prime corner location. This Montague Custom cooking suite is designed with a modern open kitchen. The space currently has an elegant but minimalist look and feel with top-notch finishes and a lovely seasonal patio. Sales and profitability could be grown by expanding the operating hours. The space is ideal for many concepts. The Seller is motivated and wants to see offers.

FACILITY: Top-notch build-out and design
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 6 years remaining with one (1) five-year option
BASE RENT: $6,750 NNN (Rent increases 3% each year)
CONCEPT: Full Service Restaurant
SIZE: 1,500 square feet plus small basement
SEATS: 51 inside, 12 outside
HOURS: Closed Mondays- Open for dinner Tues-Sun & Brunch on Sundays
LICENSES: Full Liquor License (12:00am)
SALES: $1,200,000 per year (70% food, 30% alcohol)

About the Business

Location:
Middlesex County, Massachusetts

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Listing Info

ID:
1650521
Ad Detail Views:
0

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Business Listed by

Todd Smith

Corbett Restaurant Group

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