Seller's Contact Information
- RE: Very Profitable Restaurant & Bar - Somerville
- Contact: Todd Smith
Quick Facts
| Asking Price: | $1,087,500 | |
| Annual Revenue: | $3,500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $450,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 625224983 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Very Profitable Tavern/Bar with a long history of success. This is a rare opportunity; please email for details. Bank financing is available for qualified Buyers.
PARKING:Street parking & local municipal lots
EQUIPMENT:The equipment is in excellent condition and has been well maintained.
LEASE TERM:15-year lease
BASE RENT:$21,000 per month
CONCEPT:American Restaurant
SEATS:Capacity of 140
HOURS:Open daily 10a-9p; open until 10p on weekends
LICENSES:Full Liquor License
SALES:$3,500,000 (35% alcohol, 65% food)
CASH FLOW:$450,000 per year
ASKING PRICE: $1,087,500 (For the Business) – Financing Available for Qualified Buyers.
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.
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
Documents:
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