Business for Sale Overview:
New Roast Beef Shop in Somerville. Step into this turnkey opportunity with a lease well below market rate and plenty of growth potential. They are in the process of adding pizza to the concept which should add an additional $3,000 per week to sales. A new Operator could also grow sales dramatically by opening for longer hours and focusing on deliveries. This is a top notch lease with a business that has all of the elements needed to make sales explode. This will move quickly!
LICENSES: Common Victual’s
SALES: Approximately $416,000 per year (with limited hours)
CASH FLOW: $50,000 per year (very heavy payroll with family members)
PRICE: $185,000
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This is a storefront facility is a corner unit with excellent visibility and high traffic counts. The space is approximately 1,000 square feet with a full basement. The space has 16 seats and a functional layout.
CONDITION: The building and restaurant are in very good condition.
PARKING: On street parking.
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Four (4) years remaining on the lease with one Five (5) year option.
BASE RENT:$1,500 per month (which includes the NNN)
CONCEPT: Roast Beef, Subs, Pizza & Seafood
SEATING: It presently has 16 seats
HOURS: 11:00AM – 9:00PM. (Can be open much longer hours)
RESTRICTIONS: None
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.