Ultra Lounge & Restaurant with Prime location situated in a popular Square in the City of Cambridge. The Business has Full Liquor and Entertainment licenses along with all of the other activity generators an Operator needs. This location is in the heart of the action and the space is ideal for most any concept. The Seller is also willing to entertain Joint Ventures or Partnership offers.
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Property Features and Assets:
Condition: The building and restaurant are in excellent condition. Parking: On street parking, plus several private lots. Equipment: The equipment has been well maintained and is of excellent quality. Lease Term: Fifteen (15) years remaining on the lease. Base Rent: $14,000 per month NNN. Seating: 200 seats inside plus 60 outside. Hours: 11:00 AM – 2:00 AM. Licenses: Full Liquor & Entertainment (2:00 AM). Sales: Approximately $1,750,000. Price: $798,000 (For the Business).
- The property is leased.
- 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.