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 to the left. 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.