Casual Neighborhood Restaurant & Bar In Boston For Sale

Description

This successful and well known Boston neighborhood restaurant and bar has been a money maker for years and the owner is ready to retire. The restaurant has trendy decor with a casual cozy atmosphere. They are open seven days a week and serve brunch on weekends. They offer classic American dishes, comfort food, cocktails, late night food, and small plates. This is a perennial winner that is a good fit for an owner operator or to add to a portfolio. This is qualified for SBA lending, and we can help facilitate the process for you. Parking includes local city parking. The equipment is in excellent condition and has been well maintained. The lease is in year twelve of a fifteen year lease, plus one five year option at market. Base rent is fifteen thousand six hundred seventy dollars per month, with additional taxes of five hundred twelve dollars per month. The concept is a bar and restaurant. The size is five thousand two hundred thirty square feet, with three thousand four hundred eighty square feet on the first floor and one thousand seven hundred fifty square feet in the basement, including full prep kitchen. The seating capacity is one hundred forty two, including nineteen bar stools, and the license allows for twenty eight outside street patio seats. The business is open seven days per week with brunch hours on weekends. A full alcohol license with 1 AM closing time is included, restricted to this premise only. Sales are two million seven hundred fifty four thousand four hundred sixty four dollars and cash flow is two hundred forty nine thousand three hundred thirty two dollars. The asking price is seven hundred ninety nine thousand dollars for the business.