Rare opportunity to acquire an iconic flagship location in Boston.
This restaurant & bar is located right in all the action and is surrounded by numerous activity generators that make it ideal for any concept!
This has been a go-to spot in the area for decades and boasts great outdoor seating and function space. Current ownership purchased the real estate and completely renovated the entire space adding new FF&E and equipment including two kitchens.
This is a must see!
Facility:
The facility has been completely removed
Equipment:
The equipment is in excellent condition and has been well maintained.
Lease term:
10 year initial term with options
Base rent:
$30,000 NNN rent/month (year 1) and up to $53,000 NNN rent/month (year 2)
Concept:
Bar & restaurant
Size: 9,731 square feet
Seats: 365 eats (50 outside seats)
Hours: Trading daily
Licenses:
Full liquor license 2:00 am ($600,000 value)
Sales:
$5,000,000 per year (historically)
Asking price: $2,300,000 (for the business assets, license, & leasehold improvements)
