Lease Terms: 8 years remaining with one (1) 10-year option
Base Rent: $21,250 per month plus NNN (NNN= approx. $3k/mo.)
Seating: 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
Cash Flow: $230,000 per year
Sales: $2,380,330 per year
Asking Price: $700,000 (For the Business) – $450K & Buyer to assume $250K note from landlord
Concept: Restaurant & Bar
Profitable Restaurant & Bar with Great Upside – Somerville
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.