This gem has been successful for decades. This Italian/Seafood Bar/Restaurant has a strong location with excellent visibility and functional layout and 99 seats. It currently has a Beer/Wine/Cordial license. The rent is below market rent, and the business has a loyal customer following. This site is located in one of busier areas of Boston. Sales and profitability could be grown dramatically with a more involved owner.
PARKING: On street and public lots
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM: 10 year lease
BASE RENT: $10,000 per month (triple nets are $1,000 per month)
CONCEPT: Tavern
SIZE: 2,500 sq. ft.
SEATS: 99 seats
HOURS: 11:00 AM – 10:30 PM daily
LICENSES: Beer, Wine & Cordial license
SALES: $980,000 per year
CASH FLOW: $203,413 per year
ASKING PRICE:$699,000 For the Business – (Financing Available for Qualified Buyers)