Great Boston, Iconic Bar for Sale

Description

Bar and restaurant for sale in a high-traffic Boston location. The business operates across two floors and includes multiple dining, bar and private-event areas.

Venue

• Two-floor layout
• Traditional bar and restaurant space
• Multiple private-event areas
• Seasonal outdoor patio
• Upstairs club and event space
• New kitchen equipment
• Sound system installed in the upstairs venue

Capacity

• Downstairs capacity: approximately 230
• Upstairs capacity: approximately 353
• Outdoor patio seating: approximately 25

Buyers should confirm licensed occupancy for each area and whether capacities vary depending on seating configuration or event use.

Customer traffic

The location serves a mix of tourists and local customers. The seller reports particularly strong lunch and after-work traffic.

The upstairs area provides additional space for private functions, nightlife and larger events.

Licenses

• Full liquor license
• Live music approval
• DJ and entertainment approval

Any transfer or continued use of alcohol and entertainment licenses will remain subject to applicable Boston and Massachusetts approval requirements.

Growth

• Increase private-event bookings
• Develop corporate events
• Expand nightlife programming upstairs
• Increase patio utilization during the season
• Develop additional tourist and group business
• Increase lunch and after-work promotions

Due diligence

Buyers should verify historical financials, food and beverage sales mix, private-event revenue, lease terms, equipment ownership, liquor-license status, entertainment permits, licensed capacities, patio approvals, security costs and any outstanding event deposits before closing.