Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Profitable Restaurant & Bar With Great Upside For Sale

Somerville, Massachusetts, US
Asking Price:
$500,000 Furniture / Fixtures included
Sales Revenue:
$2,380,330
Cash Flow:
$230,000

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. Buyer to assume $250K note from landlord.

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 on the ground floor 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: $500,000 (For the Business)

Property Information

Real Estate:

Lease