Business Overview:
LOCATION: Large Upscale Retail & Apartment Complex, SOMERVILLE
TYPE OF BUSINESS: Burrito Taqueria
SELLING PRICE: $595,000 DOWN PAYMENT: negotiable…cash preferred
SALES VOLUME: $25,000 -$28,000/week
LEASE: $11,000/month Years left: 5 years + 5 years.
SQUARE FOOTAGE: 1,450 square feet.
HOURS OF OPERATION: 7 days; 10 AM – 10 PM
SEATING: 30 seats inside 10 seats outside
Estimated Annual Net Profit:
REASON FOR SELLING: Other Projects
COMMENTS: This location is literally overbuilt…the ‘BEST’ equipment & fixtures.
Close proximity to the only MBTA in the area. THOUSANDS of offices within walking distance…only 60% occupied. HIGHLY REGARDED WITHIN THE MEXICAN COMMUNITY.
Contact John Ruggieri to see this gem.
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Property Features and Assets:
Amazingly beautiful build out that could not be duplicated for double the asking price in todays dollars.
Market Competition and Expansion:
Very large retail center with thosounds of apartments and office space that is still being addedVery large retail center with thosounds of apartments and office space that is still being added to. Also right on the T and next to a major interstate. Right next to downtown Boston to. Also right on the T and next to a major interstate. Right next to downtown Boston.
Reason for Selling:
Other interests need more attention.
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.
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