Prime QSR Indian Street Food – Metrowest For Sale

Description

Indian street food restaurant for sale on Route 9 just west of Boston. The restaurant opened recently and operates from a newly built-out space with dine-in, takeout, catering and online ordering already in place.

Financials

• Annual sales: approximately $867,000
• Asking price: $400,000
• Transaction structured as an asset sale
• Current brand and trade name are not included

The seller reports that sales have developed quickly since opening. Any expectation that revenue could double over the next 12 months should be treated as a seller projection rather than a forecast.

Space

• Approximately 2,105 sq. ft.
• 54 interior seats
• Approximately 15 patio seats
• Private parking
• Recently completed restaurant buildout
• Existing commercial kitchen and equipment

The location is on Route 9 within a retail center that includes medical and other commercial tenants.

Revenue channels

• Dine-in sales
• Takeout
• Online ordering
• In-house catering and functions
• Off-site catering
• Residential and corporate accounts

The seller reports existing catering relationships, including business from a nearby hospital. Buyers should verify the recurring nature and transferability of any commercial accounts.

Lease

• Approximately two years remaining on the current term
• One additional five-year option
• Base rent: approximately $6,500 per month
• Triple-net charges are additional

Buyers should confirm the exact lease expiration date, NNN expenses, renewal terms, rent increases and landlord requirements for assignment or a new restaurant concept.

Licenses

The current operation is represented as having health, food-service and liquor approvals.

Any transfer or continued use of the liquor license will remain subject to applicable Massachusetts and local approval requirements.

Concept and brand

The restaurant currently operates as an Indian street food concept, but the existing brand is excluded from the $400,000 sale.

A buyer will need to establish its own name and branding and should confirm whether recipes, menus, digital accounts or other intellectual property are included.

Reason for sale

The seller is focused on other business interests and is seeking a relatively quick transaction. Offers are being considered.

Due diligence

Buyers should verify the $867,000 sales figure, current monthly performance, cash flow, catering revenue, food and labor costs, lease terms, NNN charges, equipment ownership and condition, patio approval, liquor-license status, customer deposits and the complete asset list before closing.