Charming Restaurant Opportunity In Norfolk County For Sale

Description

Restaurant for sale near Brookline Village, just west of Boston. The business currently operates as a Latin American concept and is located approximately one block from the Brookline Village T station.

Financials

• Historical annual sales: approximately $850,000
• Asking price: $175,000
• Base rent: approximately $8,000 per month
• Sales mix: approximately 80% food and 20% beverage

Buyers should review current-year sales separately from the stated historical revenue and confirm profitability through tax returns, POS reports and operating statements.

Space and seating

• Approximately 800 sq. ft. plus outdoor seating
• 49 interior seats
• 12 outdoor seats
• Bar area
• Production kitchen
• Two hoods
• Walk-in refrigerator
• Walk-in freezer
• Storage space

The kitchen setup may also support production or commissary use, subject to lease terms, permits and the requirements of any future concept.

Hours

The restaurant currently operates Tuesday through Sunday for lunch and dinner. Adding operating hours or another service period may provide additional revenue opportunity.

Concept

The current menu is Latin American, but the existing restaurant infrastructure may accommodate another food concept without requiring a complete new buildout.

The seller reports an existing local customer base and goodwill developed over several years of operation.

Lease

• Approximately three years remaining on the current lease
• One additional five-year option
• Base rent of approximately $8,000 per month

Buyers should confirm the exact lease expiration date, renewal terms, future rent structure and landlord requirements for assignment or a concept change.

Licenses and parking

The business is represented as having a Common Victualler license and liquor license. Continued operation and transfer of any alcohol license remain subject to applicable Brookline and Massachusetts approvals.

Customer parking is available through local street and municipal parking options.

Due diligence

Buyers should verify historical and current sales, cash flow, equipment ownership and condition, lease terms, food and beverage margins, liquor-license status, outdoor seating approval, hood and kitchen capacity, storage arrangements and the exact assets included in the $175,000 asking price before closing.