Somerville Roast Beef & Pizza Shop For Shop For Sale

Business description

New Roast Beef Shop in Somerville. Step into this turnkey opportunity with a lease well below market rate and plenty of growth potential. They are in the process of adding pizza to the concept which should add an additional $3,000 per week to sales. A new Operator could also grow sales dramatically by opening for longer hours and focusing on deliveries. This is a top notch lease with a business that has all of the elements needed to make sales explode. This will move quickly!
LICENSES: Common Victual’s
SALES: Approximately $416,000 per year (with limited hours)
CASH FLOW: $50,000 per year (very heavy payroll with family members)
PRICE: $185,000

Property information

Real Estate:

Lease

Lease terms:

LEASE TERM: Four (4) years remaining on the lease with one Five (5) year option.
BASE RENT: $1,500 per month (which includes the NNN)

Leasehold rent:

$18,000 per annum

Premises details:

This is a storefront facility is a corner unit with excellent visibility and high traffic counts. The space is approximately 1,000 square feet with a full basement. The space has 16 seats and a functional layout.

CONDITION: The building and restaurant are in very good condition.
PARKING: On street parking.
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Four (4) years remaining on the lease with one Five (5) year option.
BASE RENT: $1,500 per month (which includes the NNN)
CONCEPT: Roast Beef, Subs, Pizza & Seafood
SEATING: It presently has 16 seats
HOURS: 11:00AM – 9:00PM. (Can be open much longer hours)
RESTRICTIONS: None
LICENSES: Common Victual’s

Size in square feet:

1,000 s/f

Other information

Support & training:

Training will be provided

Reasons for selling:

Retirement

Trading hours:

11:00 AM - 9:00 PM

Financing available:

Financing Available

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)