Longtime Successful Restaurant & Bar With RE In Boston For Sale

Description

Restaurant, bar and function venue for sale in Boston with the underlying real estate included. The property is a freestanding building with dedicated parking, seasonal outdoor seating and a full-value Boston liquor license.

Financials

• Historical annual sales: approximately $3,000,000
• Asking price: $4,589,000
• Business and real estate included

Buyers should review current-year performance separately from historical sales and confirm restaurant cash flow, real estate value and the allocation of the purchase price between the business and property.

Property

• Freestanding building
• Basement: approximately 3,000 sq. ft.
• First floor: approximately 6,000 sq. ft.
• Second floor: approximately 1,600 sq. ft.
• Total stated interior area: approximately 10,600 sq. ft.
• Dedicated parking lot with approximately 50 spaces
• Additional adjacent parking reported
• Seasonal deck seating

The building is currently two stories. The seller states that the property is zoned for up to four stories. Buyers should independently confirm zoning, development rights, height limits and any approval requirements before relying on future expansion potential.

Restaurant and event space

The current concept is New American cuisine with Latin influences. The property also supports bar service and private-function business.

• Approximately 250 stated seats
• Approximately 190 downstairs seats
• 28 seasonal deck seats
• Additional seating or function capacity within the remaining space, subject to verification

The stated seating figures do not fully reconcile to the total capacity of 250, so buyers should confirm licensed occupancy and seating plans for each area.

Hours

The restaurant currently opens for dinner Monday through Friday and operates from approximately 10 AM to 11 PM on Saturday and Sunday.

Liquor license

A full-value City of Boston liquor license with service permitted until 1 AM is represented as part of the transaction.

The license may represent a material portion of the transaction value, but buyers should independently confirm its current status, restrictions and transfer requirements. Any transfer remains subject to applicable Boston and Massachusetts approvals.

Condition and improvements

The seller reports recent renovations and states that the restaurant equipment has been maintained and is currently in good operating condition.

Buyers should review invoices, permits and equipment records for the renovation work and inspect the property and operating assets independently.

Due diligence

Buyers should verify historical and current financials, restaurant cash flow, property value, title, zoning, liquor-license status, licensed occupancy, parking rights, equipment ownership, property taxes, insurance, building condition, private-event deposits and any deferred maintenance before closing.