Profitable Restaurant & Bar with Great Upside – Somerville
Price Reduced
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.
Property Details
- Listing Price
- $599,000
- Type
- Full Service
- Concept
- Restaurant & bar
- Sales
- $2,380,330
- Cash Flow
- $230,000
- Location
- Somerville
- State
- Massachusetts
- County
- Middlesex County
- Square Footage
- 4,300
- Square Footage (Additional Notes)
- sf on the ground floor plus additional basement with kitchen prep, coolers, and bathrooms
- Seating
- 185
- Seating (Additional Notes)
- (Includes outdoor patio of 45 seats)
- Parking
- Street parking & local municipal lots
- Base Rent
- $21,250
- Base Rent (Additional Notes)
- per month plus NNN (NNN= approx. $3k/mo.)
- Lease Terms
- 8 years remaining with one (1) 10-year option
- Includes Real Estate
- No
- Liquor License
- Yes
- Licenses
- Full liquor license
- Hours
- Open Daily
