Profitable Restaurant & Bar With Great Upside For Sale

Description

Opportunity awaits to take over the existing business or bring your own concept to the newly renovated 4,300 square foot full service restaurant. It is located in one of the most densely populated cities right outside of Boston. The buyer will assume a 250,000 dollar note from the landlord. Parking includes street parking and local municipal lots. The equipment is in excellent condition and has been well maintained. The lease has eight years remaining with one ten year option. Base rent is 21,250 dollars per month plus triple net charges of approximately 3,000 dollars per month. The concept is a restaurant and bar. The seating capacity is 140, with an outdoor patio of 45 seats. The size is 4,300 square feet on the ground floor plus additional basement with kitchen prep, coolers, and bathrooms. The business is open daily. A full liquor license is included. Sales are 2,380,330 dollars per year and cash flow is 230,000 dollars per year. The asking price is 500,000 dollars for the business.