Neighborhood Pub & Restaurant in Somerville - Corbett Business Sales & Acquisitions
Middlesex County

Neighborhood Pub & Restaurant in Somerville

Offered At
$ 289,000.00


Primary Industry
Restaurants & Food
Gross Sales
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Includes REA
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Neighborhood Pub & Restaurant in Somerville. This classic pub has a variety of entertainment, craft cocktails, comfort food and a homey atmosphere. Close to several universities like Harvard and Tufts, the neighborhood is packed with students and young professionals. Ideal for an Owner Operator. Sales can be increased with a recently approved 2am liquor license and permanent patio license. The landlord is the current owner and is looking for a good long-term tenant.

FACILITY: The facility is in good condition and has been well
PARKING: Street parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 10 years with options available
BASE RENT: $8,000 NNN (NNN = $1,200/mo.)
CONCEPT: Restaurant & Bar/Pub
SIZE: 3,820 square feet
SEATS: Capacity for 125 & 24 on back patio
HOURS: Open daily 4p-1a; Sat open at 12p, Sunday at 11a
LICENSES: Full Liquor License (2am) Full Value
SALES: $900,000 per year (60% alcohol)

ASKING PRICE: $289,000 (For the Business)

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