Seller's Contact Information
- RE: Somerville Burrito Taqueiria Upscale Center
- Contact: John Ruggieri
Quick Facts
| Asking Price: | $575,000 | |
| Annual Revenue: | $1,300,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 74719596 | |
| Broker Reference #: | JR139 |
Business Overview:
LOCATION: LARGE UPSCALE RETAIL & APARTMENT COMPLEX SOMERVILLE
TYPE OF BUSINESS: Burrito Taqueria
SELLING PRICE: $575,000 DOWN PAYMENT: negotiable…cash preferred
SALES VOLUME: $25K -$28K/wk
SQUARE FOOTAGE: 1,450 sf.
HOURS OF OPERATION: 7 days; 10 AM – 10 PM
SEATING: 30 seats inside 10 seats outside
COMMENTS: This location is right in the middle of one of the most sought-after retail, office and residential complexes just north of Boston. It is literally steps away from the MBTA which goes directly into TD Garden, the North End and downtown Boston. It is within walking distance of thousands of office staff with many more to come, as well as residents. A beer and wine license is included as well as a very sophisticated cook line and upscale seating area. No expense was spared on this build-out.
Contact John Ruggieri to see this gem: jkruggie@comcast.net or 781-858-2343
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
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 homebased business opportunity.
- This is not a franchise resale opportunity
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