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LOCATION: LARGE UPSCALE RETAIL & APARTMENT COMPLEX SOMERVILLETYPE OF BUSINESS: Burrito TaqueriaSELLING PRICE: $575,000 DOWN PAYMENT: negotiable…cash preferredSALES VOLUME: $25K -$28K/wk SQUARE FOOTAGE: 1,450 sf.HOURS OF OPERATION: 7 days; 10 AM – 10 PMSEATING: 30 seats inside 10 seats outsideCOMMENTS: This location is right in the middle of one of the most sought-after retail, office and residential complexes just north of Boston. It is literally steps away from the MBTA which goes directly into TD Garden, the North End and downtown Boston. It is within walking distance of thousands of office staff with many more to come, as well as residents. A beer and wine license is included as well as a very sophisticated cook line and upscale seating area. No expense was spared on this build-out.Contact John Ruggieri to see this gem: jkruggie@comcast.net or 781-858-2343
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 yearsBASE 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 basementSEATS:34 seats plus 12 patio seatsHOURS: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)
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 lotsEQUIPMENT:The equipment is in excellent condition and has been well maintained.LEASE TERM:15-year leaseBASE RENT:$21,000 per monthCONCEPT:American RestaurantSEATS:Capacity of 140HOURS:Open daily 10a-9p; open until 10p on weekendsLICENSES:Full Liquor LicenseSALES:$3,500,000 (35% alcohol, 65% food)CASH FLOW:$450,000 per yearASKING PRICE: $1,087,500 (For the Business) – Financing Available for Qualified Buyers.
THIS TAKE OUT/FAST FOOD SHOP IS LOCATED NEAR THE HIGH SCHOOL AND HOSPITAL. ON THE SOMERVILLE/CAMBRIDGE LINE IDEAL FOR FAMILY OPERATION.
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