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Business For Sale
EVENT & CATERING FACILITY WITH FULL LIQUOR LICENSE
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Asking Price: |
$250,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Non-classifiable
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Reason for Selling:
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Family matters |
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Year Established:
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1990 |
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Yearly Revenues:
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$414,000 |
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Yearly Gross Income:
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$414,000 |
Business for Sale Overview:
Function Facility/Restaurant with high profile location in Somerville. Centrally located this location enjoys very high traffic counts and heavy traffic. This densely populated site is surrounded by business and residences.
The space is approximately 8,000 square feet and it is comprised of two bars, a kitchen, two offices and six restrooms. The space has a capacity of 461 persons.
The building and facility are in good condition. The space has a very functional layout and design that can be used as is, or converted to into a configuration that will allow for a restaurant and a function facility or one large restaurant.
There is a parking lot across the street and behind the building which comprises 52 parking spaces. There is also ample street parking.
The equipment is in good condition and has been well maintained and is of good quality. All equipment is included in the price.
The lease has six (6) years remaining. The landlord is willing to extend or add options.
Rent is currently $9,056 monthly NNN. The rent does include heat and hot water. Air conditioning is not included.
Property Features and Assets:
A very busy location. The space is comprised of two full bars, a kitchen and has a capacity of 461 persons. The space has a very functional layout and design that can be used as is, or converted to into a configuration that will allow for a restaurant and a function facility or one large restaurant.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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