Profitable Restaurant & Bar with Great Upside - Somerville

Asking Price$599,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,380,330

InventoryNot Disclosed

FF&ENot Disclosed

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Profitable Restaurant & Bar with Great Upside - Somerville


Asking Price$599,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,380,330

InventoryNot Disclosed

FF&ENot Disclosed

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: $599,000 (For the Business)
About the Business
Real Estate
Owned or Leased
Leased
Rent
$21,250.00 per month
Listing Info
ID
2370830
Listing Views
743

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Business Listed by: Todd Smith Corbett Restaurant Group

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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