Cheers-Style Neighborhood Favorite in Prime South Shore Location

Cheers-Style Neighborhood Favorite in Prime South Shore Location
New Listing

A rare opportunity to purchase a real money-maker. Located on the South Shore, this pub-style restaurant was re-concepted and fully renovated in 2018. The space is thoughtfully laid out with a centrally located island bar seating 30 guests. It is ideally sized, with seating for 95 indoors and 12 outdoors. Situated as an end-cap unit, the restaurant offers tremendous visibility in the heart of downtown. The surrounding community is densely populated, with over 750 newly constructed apartments within walking distance. Just up the street, only a five-minute drive away, are an additional 2,500+ apartments, with more currently under construction. The downtown area also abuts a train station, further enhancing accessibility and foot traffic. Simply put, the location does not get any better than this.

The owners own the property and operate the restaurant. They are selling the business to focus on managing their other tenants in the building and to pursue additional opportunities. They are excellent landlords.

The restaurant has a strong sales history of approximately $1.5M annually, with room for growth. Alcohol sales account for 48% of revenue, and Keno is extremely popular. This is a true “Cheers”-style bar, a place where patrons love to gather and a favorite destination for sporting events. Call for an immediate showing.

Property Details

Listing Price
$995,000
Listing Price (Additional Notes)
Some Seller Financing Available to Qualified Buyers
Type
Full Service
Concept
Casual Dining, Bar/Pub
Sales
$1,500,000
Cash Flow
$461,000
Location
South Shore
State
Massachusetts
County
Norfolk County
Square Footage
4,232
Seating
107
Seating (Additional Notes)
30 bar seats, 65 at tables, 12 outside
Parking
Surface LotStreet
Base Rent
$11,000
Lease Terms
Five years with three (3) five-year options
Includes Real Estate
No
Liquor License
Yes
Licenses
Full Liquor, Lottery & Entertainment
Hours
Open 6 days/week

Inquire About This Listing

Boston ValuationsCorbett HubIBBAICSCMRA