Business For Sale

Modern Restaurant & Bar – Bordering Boston

Not Disclosed, MA
Norfolk County

Asking Price: Annual Revenue:
$1,300,000 $1,400,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Modern Restaurant & Bar – Bordering Boston Broker: Todd Smith

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 248324983
Broker Reference #: Not Disclosed

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Business Overview:

Modern Restaurant & Bar with full liquor & entertainment. This high profile site has several drawing points and a widely ranged customer base. Over $1.3 million was spent on the design and build-out. The restaurant has a capacity of 170 persons with a highly visible Patio. This site is a great fit for almost any concept.

FACILITY: High profile site with a top of the line build-out and equipment package
PARKING: Street parking, local lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:47 years remaining, with options
BASE RENT: $14,500 NNN
CONCEPT: Modern Bar & Kitchen
SIZE: 8,263 square feet total- Ground Floor 3100 SF, with 938 SF Patio space, in addition 3100 SF of basement / BOH / prep /
office space, with 1125 SF of parking space as part of the lease
SEATS: 122 inside; 44 on the patio
HOURS: Currently Closed
LICENSES: Full Liquor License (10a-1a) & Entertainment License
SALES: $1,400,000 first year sales

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Additional Details:

  • 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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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