This gem has been successful for decades. This italian/seafood bar/restaurant has a strong location with excellent visibility and functional layout and 99 seats. It currently has a beer/wine/cordial license. The rent is below market rent, and the business has a loyal customer following. This site is located in one of busier areas of boston. Sales and profitability could be grown dramatically with a more involved owner.
Parking: on street and public lots
equipment: the equipment is in good condition and has been well maintained.
Lease term:10 year lease
base rent: $10,000 per month (triple nets are $1,000 per month)
concept: tavern
size: 2,500 sq. Ft.
Seats: 99 seats
hours: 11:00 am – 10:30 pm daily
licenses: beer, wine & cordial license
sales: $980,000 per year
cash flow: $203,413 per year
asking price: $699,000 for the business – (financing available for qualified buyers)
