Bar & Burger with Real Estate - Somerville

Somerville, MA
Middlesex County

Asking Price: Annual Revenue:
$1,475,000 $1,501,792

Food & Beverage: Bars, Clubs, Nightspots

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RE: Bar & Burger with Real Estate - Somerville Broker: Todd Smith

Quick Facts

Asking Price: $1,475,000
Annual Revenue: $1,501,792
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 634324983
Broker Reference #: Not Disclosed

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Business Overview:

This is a great opportunity to purchase a Bar & Burger joint with Real Estate. This site has a history of success along and is primed for Real Estate development. This restaurant site has many years of success and is located in a densely populated part of Somerville. With a full liquor license and weekly sales of $30,000 per week this site is a great conversion opportunity for several different concepts! (The name is not included in the sale.) This is a developable lot that can go up several stories and it is a very bankable deal.

FACILITY: Freestanding Building
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:New long-term lease
CONCEPT: Bar & Burger Joint
SIZE: 2,601 square feet
SEATS: 67 seats
HOURS: Open daily 11a-11p
LICENSES: Full Liquor License (1:00 am)
R.E. VALUE: The Real Estate is valued at $1.5mm and the 3 bedroom apartment generates $2,500 per month in rent
SALES: $1,501,792 per year

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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