Great Conversion Opportunity – North End
Sold
Unique & Chic restaurant located in a very coveted dining neighborhood. This restaurant has a very cool design and build-out with two bars and two floors that makes it an easy conversion to almost any concept; a Wine bar, Raw bar, or Italian Restaurant would do great here! It is currently run absentee and sales & profits can be easily increased by a hands-on owner! It is fully staffed, making it a turn-key opportunity if keeping the existing concept! The partners are moving in different directions. Buyer to assume existing $70k license note.
Property Details
- Listing Price
- $350,000
- Listing Price (Additional Notes)
- $350,000 (For the Business); Buyer to assume $70k license note
- Type
- Full Service
- Concept
- Restaurant – Ideal for a Wine bar, Raw bar, Italian Cuisine, etc.
- Sales
- $1,600,000
- Cash Flow
- $142,000
- Location
- Boston's North End
- State
- Massachusetts
- County
- Suffolk County
- Square Footage
- 1,764
- Square Footage (Additional Notes)
- plus basement
- Seating
- 76
- Parking
- Street parking & city lots/garages – parking validation for customers
- Base Rent
- $9,966
- Base Rent (Additional Notes)
- per month
- Lease Terms
- Two (2) three-year options available – landlord open to additional term
- Includes Real Estate
- No
- Liquor License
- No
- Licenses
- Beer/Wine/Cordial (1230a, 7 days) and Entertainment Licenses
- Hours
- Open Daily for Lunch & Dinner
