Great Conversion Opportunity – North End - Corbett Business Sales & Acquisitions
Suffolk County

Great Conversion Opportunity – North End

Offered At
$ 320,000.00


Primary Industry
Restaurants & Food
Gross Sales
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Cash Flow
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Year Established
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Includes REA
Lease SF
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Lease Rate
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Lease Term
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Lease Description
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Real Estate Description
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Reason For Selling
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Unique & Chic restaurant located in a very coveted dining neighborhood. This restaurant has a very cool design and build-out with two bars and two floors that makes it an easy conversion to almost any concept; a Wine Bar, Raw Bar, or Italian Restaurant would do great here! It is currently run absentee and sales & profits can be easily increased by a hands-on owner! It is fully staffed, making it a turn-key opportunity if keeping the existing concept! The partners are moving in different directions. Buyer to assume existing $70k license note.

FACILITY: Top-notch design and build-out. It is in excellent condition
PARKING: Street parking & city lots/garages – parking validation for customers
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Two (2) three-year options available – landlord open to additional term
BASE RENT: $9,966 per month
CONCEPT: Restaurant – Ideal for a Wine Bar, Raw Bar, Italian Cuisine, etc.
SIZE: 1764 sq.ft plus basement
SEATS: 76 persons – opportunity for rooftop expansion
HOURS: Open Daily for Lunch & Dinner
LICENSES: Beer/Wine/Cordial (1230a, 7 days) and Entertainment Licenses
SALES: Historical sales of over $1.6 million
CASH FLOW: Historical cash flow of $142,000
ASKING PRICE: $320,000 (For the Business); Buyer to assume $70k license note

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