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Lively Taqueria And Bar - Somerville
SOMERVILLE, MA
MIDDLESEX County
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| Asking Price: | Annual Revenue: |
| $210,000 | $800,000 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Lively Taqueria And Bar - Somerville
Contact: Todd Smith
Quick Facts
| Asking Price: | $210,000 | |
| Annual Revenue: | $800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 994324983 | |
| Broker Reference #: | Not Disclosed |
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Business Overview:
Lively Taqueria in a popular area with easy access to public transportation. This vegan-friendly restaurant serves healthier alternatives to traditional Mexican cuisine. The restaurant has a Full Bar, but they close too early to concentrate on that business with the current owner. Sales and profitability could be grown dramatically by moving to a more traditional menu and staying open later to grow the alcohol sales.
PARKING:Street parking
EQUIPMENT:The equipment is in excellent condition and has been well maintained.
LEASE TERM:7.5 years
BASE RENT:$3,800 NNN (NNN= approx. $692/mo.)
CONCEPT:Vegan Taqueria (Huge Upside potential for a traditional Mexican restaurant)
SIZE:1,629 square feet plus full basement
SEATS:34 seats plus 12 patio seats
HOURS:11:00 AM - 9:00 PM (Hours should be extended for Bar business)
LICENSES: Full Liquor License (City-owned)
SALES:$800,000 (50% of sales is delivery & take-out)
ASKING PRICE: $210,000 (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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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