Neighborhood Pub & Restaurant in Somerville. This classic pub has a variety of entertainment, craft cocktails, comfort food and a homey atmosphere. Close to several universities like Harvard and Tufts, the neighborhood is packed with students and young professionals. Ideal for an Owner Operator. Sales can be increased with a recently approved 2am liquor license and permanent patio license. The landlord is the current owner and is looking for a good long-term tenant.
Facility: The facility is in good condition and has been well
Parking: Street parking
Equipment: The equipment is in excellent condition and has been well maintained.
Lease term:10 years with options available
Base rent: $8,000 NNN (NNN = $1,200/mo.)
Concept: Restaurant & Bar/Pub
Size: 3,820 square feet
Seats: Capacity for 125 & 24 on back patio
Hours: Open daily 4p-1a; Sat open at 12p, Sunday at 11a
Licenses: Full Liquor License (2am) Full Value
SALES: $900,000 per year (60% alcohol)
Asking price: $289,000 (For the Business)
