QSR Kiosk In Iconic Boston Location For Sale

Description

Quick-service restaurant kiosk for sale in Quincy Market, Boston. The approximately 457 sq. ft. space has been recently renovated and is positioned for a buyer to introduce a new fast-casual concept in an established high-traffic destination.

Financials

• Annual sales: approximately $534,000
• Reported cash flow: approximately $80,000
• Asking price: $350,000
• Asset sale
• Current brand and trade name are not included

Buyers should verify the reported cash flow through tax returns, POS reports and current operating statements.

Space and buildout

• Approximately 457 sq. ft.
• Fast-casual kiosk configuration
• Recently upgraded plumbing
• Updated electrical systems
• Commercial hood system
• Existing restaurant equipment included

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

Lease

• Approximately eight years remaining
• Rent is the greater of 15% of gross sales or $10,000 per month
• NNN charges: approximately $500 per month

At the stated annual sales of $534,000, 15% equals approximately $80,100 per year, or $6,675 per month. Based on those sales, the $10,000 monthly minimum would therefore apply before NNN charges.

Buyers should review the exact percentage-rent formula, reporting requirements, future increases, assignment provisions and any operating rules specific to Quincy Market.

Operations

The business currently operates seven days per week. The existing layout and infrastructure may support another compatible food concept, subject to landlord approval and applicable permits.

License

A Common Victualler license is represented as part of the current operation. Continued food-service use remains subject to applicable Boston licensing and approval requirements.

Due diligence

Buyers should verify historical and current sales, cash flow, lease obligations, percentage rent, equipment ownership and condition, food and labor costs, utility expenses, hood and fire-suppression compliance, licensing and the exact assets included in the $350,000 purchase price before closing.