Classic North End Restaurant with Longtime Success

Boston, MA
Suffolk County

North End


Asking Price: Annual Revenue:
$649,000 $1,250,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Classic North End Restaurant with Longtime Success Broker: Todd Smith

Quick Facts

Asking Price: $649,000
Annual Revenue: $1,250,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 600324983
Broker Reference #: Not Disclosed

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Business Overview:

Classic North End Restaurant with long history of success. This has been a successful restaurant for decades and with a strong cash flow it is very appealing opportunity. The owners are retiring, and they are looking for a good Buyer and Tenant for business and building
.
FACILITY: Classic North End location in very good condition
PARKING: City Lots – limited street parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:10 years with two (2) five-year options
BASE RENT: $12,000 NNN
CONCEPT: Italian
SIZE: 2,450 square feet
SEATS: Capacity for 99
HOURS: Monday - Friday 4p-10p; Saturday 12p-10p, Sun 12p-9p
LICENSES: Beer/Wine/Cordial
SALES: $1,250,000 per year
CASH FLOW: $300,000 per year

ASKING PRICE: $649,000 (For the Business)

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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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