College Bar In Densely Populated Area Of Boston For Sale

Description

Late-night tavern for sale in Boston near several major universities. The business operates six days per week and generates the majority of its revenue from alcohol sales.

Financials

• Annual sales: approximately $1,200,000
• Reported cash flow: approximately $200,000
• Alcohol represents approximately 90% of sales
• Asking price: $699,000 for the business and license

Buyers should verify the reported cash flow, sales mix and current-year performance through tax returns, POS reports and bank statements.

Venue

• Approximately 4,000 sq. ft.
• Full basement
• Seating capacity: approximately 286
• Late-night operation six days per week
• Two rear parking spaces included in the lease
• Additional municipal parking nearby

The seller reports that the equipment is currently in good operating condition.

Liquor and entertainment licenses

The business is represented as holding a full liquor license with entertainment approval and service until 2 AM.

The seller attributes approximately $600,000 of value to the liquor license. Buyers should independently confirm the current market value, license restrictions and transferability rather than relying solely on that estimate.

Any transfer of the liquor and entertainment licenses will remain subject to applicable Boston and Massachusetts approvals.

Lease

• Two five-year renewal options stated
• Base rent calculated at approximately 7.5% of gross sales
• Triple-net charges are additional

Because rent is tied to gross sales, buyers should review the exact percentage-rent calculation, reporting requirements, minimum rent if any, NNN expenses, renewal terms and landlord approval provisions before closing.

Customer base

The tavern benefits from its location near universities and the seller reports strong student and late-night traffic.

Financing

The listing states that the business may qualify for SBA financing. Final eligibility will depend on buyer qualifications, lender underwriting, treatment of the liquor license and SBA approval.

Due diligence

Buyers should verify historical sales and cash flow, alcohol margins, labor and security costs, lease expenses, liquor-license status and value, entertainment approvals, equipment ownership, insurance, inventory and any outstanding vendor or employee obligations before closing.