Restaurant & Bar Financial District In Boston For Sale

Description

Restaurant and bar for sale in downtown Boston near Faneuil Hall and Boston Harbor. The space has been fully renovated and includes multiple dining and bar areas, outdoor seating and live entertainment capability.

Financials

• Current annual sales: approximately $2,160,000
• Historical annual sales: approximately $3,400,000
• Asking price: $749,000
• Full liquor license included

Current sales are materially below the stated historical level, so buyers should review monthly trends, POS reports and recent operating statements to understand the change in performance.

Space and capacity

• Approximately 3,400 sq. ft.
• Capacity: approximately 240 guests
• Multiple interior rooms
• Outdoor seating
• Live entertainment setup
• Commercial kitchen and bar equipment

The seller states that approximately $2 million was invested in the buildout and equipment. Buyers should review invoices and the current asset list rather than relying solely on the original investment amount.

Lease

• Approximately two years remaining on the current term
• Two additional five-year options
• Base rent: approximately $14,600 per month
• Total stated occupancy cost: approximately $20,724 per month including NNN charges

With only two years remaining on the initial term, buyers should carefully review option exercise deadlines, future rent, NNN expenses and landlord approval requirements.

Operations

The restaurant is open seven days per week and currently operates as a full-service restaurant and bar with a menu influenced by several international cuisines.

The layout supports regular dining, nightlife, private gatherings and entertainment programming.

Liquor license

A full liquor license permitting service until 2 AM is represented as part of the transaction.

Any transfer and continued use of the license will remain subject to applicable Boston and Massachusetts approvals.

Location

The restaurant is within walking distance of major downtown attractions, including Faneuil Hall and the Boston waterfront. City parking options are available nearby.

Due diligence

Buyers should verify current and historical sales, cash flow, food and beverage margins, labor and entertainment costs, lease terms, NNN expenses, equipment ownership, liquor-license status, outdoor seating approvals, licensed capacity and any outstanding event or customer deposits before closing.